$ETH **Bybit cyberattack and consequences for the crypto market**

A cyberattack on **Bybit**, one of the main cryptocurrency exchanges, would have significant repercussions on the crypto ecosystem. First, the possible **loss of user funds** would generate massive distrust, causing hasty sales of digital assets and a drop in the prices of Bitcoin, Ethereum and other altcoins. This would amplify the volatility of the market, already sensitive to negative events.

In addition, the attack could accelerate an **exodus of capital to cold wallets or decentralized platforms (DeFi)**, seen as safer options. Global regulators would respond by demanding stricter security standards, which would put pressure on centralized exchanges. Bybit, affected in reputation, would face lawsuits and sanctions, while trying to compensate users.

In the short term, **fear (FUD)** would dominate the market, with possible flash crashes and massive liquidations in derivatives. In the long term, security and insurance protocols for funds would be strengthened, although the recovery of confidence would be slow. This scenario underlines the systemic risks in an industry that is still maturing, where security and transparency are critical for its mass adoption.