🚨 Quick Analysis of the Consequences After Bybit's Theft:

First, it is assumed that @Bybit_Official can cover the losses, at this point:

1. Current users are frantically withdrawing funds, Bybit will definitely buy ETH to compensate, which is a short-term positive 📈

2. When user withdrawals are nearing completion, Bybit will stop purchasing ETH, and then they will face the crisis of hackers selling coins, leading to negative sentiment 📉

3. Such a large amount of stolen funds is difficult to handle; directly swapping on the mainnet to U ❌, entering exchanges ❌, so there won't be a direct market crash in the short term.

4. The most likely approach is to mix the coins in various mixers and then exchange them for various decentralized assets, such as DAI, WBTC, or even bridge them to native assets on various layer 2 networks. Generally, this takes several years to wash out slowly, so it represents long-term selling pressure. If averaged over the years, this amount of 1.5 billion is not so terrifying.

5. Overall, it's more about sentiment; there isn't too much of a problem!

However, if Bybit can't withstand the run on the bank, then it will be GG for them. For the sake of the entire industry, for the safety of retail investors' wallets, and for the image of Chinese exchanges, it's time to showcase true technology @benbybit