Bybit’s Crisis Management Applauded by the Industry After $1.5 Billion Hack

Bybit has seen a sharp decline in its asset reserves, losing over $5 billion within 24 hours after suffering a $1.5 billion hack. Despite the setback, the exchange’s crisis management has drawn widespread praise from industry leaders. Massive Withdrawals Test Bybit’s Stability Data from DeFiLlama shows Bybit’s reserves shrank by approximately $5.2 billion within 24 hours. Despite the drop,... source: https://beincrypto.com/bybit-reserves-drop-but-exchange-remains-operational/