Respect Bybit!

The $1.46 billion Bybit hack is wild, and not just because it's the biggest hack since Mt. Gox, but also because of how it happened

“Ben and the Bybit team responded extremely quickly, engaging with partners and, most importantly, customers.

Within 30 minutes of the hack going public, Ben was on X - not just posting updates, but running a live stream to break it all down.

– People rushed to withdraw their assets

– Compared to Mt. Gox (where communication has lagged and losses have been constant for years), Bybit's response is decisive. 

The $1.46 billion loss, while huge, did not cripple operations at all, showing that its risk management strategy had withstood extreme pressure.

– What's even more surprising and cool is that Binance and Bitget lent Bybit a large amount of ETH to increase liquidity, showing support between competitors (which is rare in our industry, but everyone wins when trust is maintained)