#bybit被盗 The theft of Bybit’s cold wallet is not only a heavy blow to Bybit itself, but may also trigger a series of chain reactions, causing long-term instability in the entire cryptocurrency market. The scale of this incident far exceeds previous large-scale hacker attacks, highlighting major loopholes in the exchange's security precautions and even causing many investors to have deep doubts about the security of crypto assets.

First, Bybit’s cold wallet was tampered with by hackers, which directly exposed the design flaws of multi-signature wallets and smart contracts. This means that even with the most advanced cold wallet technology, the safety of funds cannot be guaranteed. This is a strong warning to other cryptocurrency exchanges and may trigger a crisis of trust in the entire industry.

Secondly, the bank run triggered by this incident reflects the market’s extreme distrust of the exchange’s capital chain. Bybit’s fund freeze is just the tip of the iceberg. As time goes by, more investors may choose to withdraw their funds, further exacerbating market instability.

Overall, this is not only a disaster for Bybit, but also a crisis of trust in the entire cryptocurrency market. It may cause more investors to have deep doubts about the security and transparency of exchanges, and will have a huge negative impact on the market's liquidity, exchange compliance and even the development of the entire industry in the long run. #Eth $ETH