When Shift Happens

In this episode, I sit down with Ben, CEO of Bybit, just days after the exchange suffered a $1.5 billion Ethereum hack. Ben provides a detailed breakdown of their 72-hour crisis response, revealing how they managed 350,000 withdrawals without halting operations, all while securing replacement funds.

PARTNERS
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FOLLOW BEN ZHOU & BYBIT
• Twitter: https://twitter.com/benbybit
• LinkedIn: https://www.linkedin.com/in/ben-zhou-b979ba28
• Instagram: https://www.instagram.com/benbybit
• Twitter: https://twitter.com/Bybit_Official
• Instagram: https://www.instagram.com/bybit_official/

FOLLOW KEVIN & WHEN SHIFT HAPPENS👇
Twitter (X): https://x.com/KevinWSHPod
Instagram: https://www.instagram.com/kevinwshpod/
TikTok: https://www.tiktok.com/@kevinfollonier_
Linkedin: https://www.linkedin.com/in/kevinfollonier/
Website: https://www.podpage.com/when-shift-happens/

DISCLAIMER
The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Trailer1:35 Please Subscribe2:00 Jupiter Sponsorship2:08 Bitwise Sponsorship2:21 Sui Sponsorship2:32 Mantle Sponsorship2:46 Bouncing Back in Three Days4:50 The Fastest Crypto Comeback6:58 The Secret to Laser Focus7:56 How to Handle a $1.5B Hack15:21 Trezor Sponsorship16:13 How to Handle a $1.5B Hack16:35 Judgment vs. Procedure: Making the Right Call18:33 Why I Don’t Feel Stress21:47 Handling PR in a Crisis25:13 Ethereum Shortage: Restoring Stability29:12 What’s a Great Leader?33:14 The Only Thing That Stresses Me34:48 Biggest Fear: Not Knowing My Limits35:50 The Only Time I Stop36:25 Most Stressful Moment37:44 The Next Steps After a Crisis41:01 How Long to Rebuild?41:46 Buying Back 400,000 ETH43:45 Why Cutting Corners Kills Companies47:53 Investing in a World-Class Team52:06 Why Bybit Never Launched a Token55:04 Rebuilding Trust After a Crisis56:31 Lessons in Crypto Wallet Security58:45 The Future of Crypto Self-Custody1:05:03 ETFs vs. Exchanges: Security Risks1:07:13 Bybit’s Assets Before & After Hack1:08:50 The Future Is On-Chain1:11:03 Crypto’s Image Problem1:13:32 Key Lessons and Unexpected Regrets1:17:21 Message to Future Entrepreneurs1:18:18 Why Crypto Hackers Keep Winning1:22:04 Hackbounty