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CZ Explains Why He Recommended Pausing Withdrawals After the Bybit Hack On September 25, 2026, Binance founder CZ @cz_binance said in an interview with When Shift Happens @KevinWSHPod that after Bybit was hacked, he publicly suggested pausing withdrawals as a more cautious
On September 25, 2026, Binance founder CZ said in an interview with When Shift Happens that after Bybit was hacked, he publicly suggested pausing withdrawals as a more cautious step.
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What happened
On September 25, 2026, Binance founder CZ said in an interview with When Shift Happens that after Bybit was hacked, he publicly suggested pausing withdrawals as a more cautious step.
Confirmed
Global impact / market context
When a crypto exchange is hacked, pausing withdrawals can stop attackers from draining more customer funds, but it also blocks innocent users from accessing their own money, which may reduce trust in the exchange and in similar platforms.
Analyst inference
This comment points to a trade-off exchanges face after a hack: act quickly to protect remaining assets, or stay open to avoid alarming customers. CZ's suggestion reflects a cautious approach that prioritizes containing losses over keeping services running normally.
Analyst inference
What to watch
- Watch whether Bybit says anything new about the hack or about withdrawal rules after CZ's interview comment becomes more widely discussed. Confirmed
- Exchanges could consider writing clear public rules for when they would pause withdrawals, so customers know what to expect during a hack. Proposed
- If more exchanges pause withdrawals after future hacks, crypto users may move funds to platforms seen as safer, changing where trading activity and fees flow. Analyst inference