Odaily reported that the Bybit CEO stated in a live stream: Bybit typically conducts internal asset transfers every three weeks, depending on the balance in our hot wallet. Whenever the hot wallet reaches the benchmark we consider necessary to replenish, a transfer transaction occurs, and I am the final signatory of the transfer transaction. At the time, I checked the link, the target address, the code, etc., but did not check thoroughly, which led to the theft incident. Subsequently, we confirmed that the hacked attack and the signed code wallet were the Ethereum cold wallet under the security wallet, and the other cold wallets were not affected. Bitcoin is our primary reserve and is very secure.