The Wall Street Journal quoted Web 3.0 security agency CertiK as saying that the Bybit incident was the largest single theft in crypto history, and the value of the stolen assets caused by the hack was more than $1.40 billion. After the incident, Bybit announced that it had reported the case to the relevant authorities, and its CEO Ben Zhou said that all Bybit functions and products are still operating normally, and the exchange is solvent and will bear the full loss of customers. As of now, all Bybit withdrawal requests have been processed, and the withdrawal system has returned to normal speed.