When Shift Happens Podcast

E110: Bybit Founder: How I Survived The Biggest Crypto Theft Of All Time

11 snips
Feb 26, 2025
Join Ben Zhou, Co-founder and CEO of Bybit, one of the world's largest crypto exchanges, as he recounts his experience navigating a staggering $1.5 billion Ethereum hack. Hear about his rapid crisis response, featuring 350,000 withdrawals processed seamlessly, and the emphasis on client trust through transparent communication. Ben discusses the vital importance of self-custody for asset protection and introduces HackBounty.com, a platform aimed at improving accountability in crypto theft recovery. Tune in for crucial insights on crisis management in the ever-evolving crypto landscape.
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ANECDOTE

The Call

  • Ben Zhou received a call from his CFO informing him of a hack.
  • After a series of questions, he learned the hack amounted to $1.5 billion in Ethereum.
ADVICE

Self-Custody Your Crypto

  • Learn how to self-custody your crypto assets using a cold storage wallet.
  • This protects your crypto from theft and gives you peace of mind.
ADVICE

Control Your Narrative

  • Take control of PR during a crisis; don't delegate it.
  • Communicate transparently and directly with your audience to build trust.
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