February 22, 2025, bad news and good news
#bybit被盗 #FTX重启 Bad news: Bybit suffered a major theft in history
On the evening of the 20th, more than 500,000 ETH were stolen from the Bybit platform. According to the current market value, it is worth nearly 1.5 billion US dollars. This is very likely to be the largest amount of theft in the current crypto field!
Fortunately, Bybit has considerable profits and is expected to make up for this loss in about a year. The peak period of currency withdrawal has passed and no run crisis has been triggered.
But it is bad news for Ethereum and its holders. At present, Bybit has no plan to buy the stolen ETH
And the hacker has sold 20,000 ETH. If the hacker continues to sell, it will inevitably bring huge selling pressure to the price of Ethereum. In fact, yesterday's originally good market trend took a sharp turn for the worse because of this incident. In the short term, the market situation will depend on the subsequent actions of the hacker and Bybit.
Good news: FTX compensation has arrived
The first batch of compensation for the previously bankrupt FTX has been received one after another. Public data shows that the total amount of compensation is between 7 billion and 8 billion US dollars, and it is mainly issued in the form of stablecoins.
For the crypto market, the injection of this batch of stablecoins is undoubtedly a timely rain.
Normally, panic under such bad news can easily trigger a black swan event! But yesterday the market trend was strong, and the price soon recovered to a position not far from the pin.
Perhaps there is the influence of this batch of funds. Or maybe everyone is still optimistic about the currency circle. After all, many people are willing to lend a hand for the theft incident! This pair is a good signal to maintain market stability!
Most of the funds deposited by FTX before came from the currency circle. Although the prices of Bitcoin (BTC) and Solana (SOL) have risen sharply, some of the funds are likely to flow into the market again.
Let's take a look at the recent market conditions of the crypto market, which are mainly consolidation. The price on February 3 can basically be regarded as a stage low. If it is not affected by the Bybit theft incident, the strong market will most likely continue. But it should be clear that the impact of any unexpected event on the market trend is short-term, and the bottom pattern of most coins has not been broken! Next, if there is a low price opportunity in the market, it is still a good time to buy and hold.