Bybit News: CEO Ben Zhou Raises Concerns Over DEX Risk Controls Following Major ETH Liquidation

In a recent development in the cryptocurrency space, Bybit CEO Ben Zhou has spoken out about decentralized exchanges (DEXs) and their risk management practices. This follows a significant Ethereum (ETH) liquidation event on Hyperliquid, which resulted in substantial losses for the platform’s liquidation engine.

Bybit CEO Raises Concerns About DEXs’ Risk Controls After Hyperliquid ETH Liquidation

Bybit CEO Ben Zhou has expressed concerns about decentralized exchanges (DEXs) and their risk management mechanisms, following a significant Ethereum (ETH) liquidation on Hyperliquid. A whale strategically liquidated a 175,000 ETH position with 50x leverage, resulting in a $4 million loss for Hyperliquid’s liquidation engine, HLP Vault. The whale ultimately secured a net profit of $1.8 million. Zhou noted that both centralized exchanges (CEXs) and DEXs face challenges in managing whale liquidations and suggested alternative risk control measures such as dynamic risk limits and enhanced market surveillance tools.

Lazarus Group Steals $1.4B in Crypto, Best Wallet Token Presale Highlights Importance of Security

The Lazarus hacking group, linked to North Korea, has stolen $1.4B in crypto in a single month in 2025, marking a significant increase from the $1.3B stolen in 2024. The Bybit hack was notable for this massive theft. Despite a global decrease in the overall amount stolen in 2023 and 2024 compared to 2021-2022, the Lazarus group’s activities indicate that security remains a top concern for crypto investors. As Lazarus continues to move its stolen funds, investors are seeking non-custodial wallets for SAFE storage. Best Wallet, known for its top-flight security, makes its token presale an attractive option for investors looking to protect their crypto assets.