Bybit

Bybit CEO Weighs in on Hyperliquid’s $4M Loss from Leveraged ETH Trade
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March 13, 2025March 15, 2025Business, Crypto, Legal & Regulations, Most popular, News

Bybit CEO Weighs in on Hyperliquid’s $4M Loss from Leveraged ETH Trade

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Bybit CEO Ben Zhou addressed the recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to a high-leverage Ether trade, acknowledging that centralized exchanges (CEXs) face similar challenges in handling liquidation risks. On March 12, a crypto trader walked away with $1.8 million, forcing the Hyperliquidity Pool (HLP) to absorb a $4 million...

Bybit CEO Says Chinese Users Can Trade Crypto via VPN Despite Regulatory Ban
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December 2, 2024December 6, 2024Articles, Business, Crypto, News

Bybit CEO Says Chinese Users Can Trade Crypto via VPN Despite Regulatory Ban

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Bybit CEO Ben Zhou has confirmed that users in mainland China can access the platform by using virtual private networks (VPNs), even though the crypto exchange will not be supporting yuan trading anytime soon. Speaking during a media briefing on Dec. 3, Zhou stated that Bybit has no intention of accepting China’s local currency but...