Waking up to the #bybit hack incident trending, over $1.5 billion in assets were stolen from bybit, marking the largest theft amount in the financial industry history, surpassing even 2025 and 2023. This has further intensified market concerns regarding the price performance of ETH and the asset security of Bybit.

Currently, there are indeed certain risks in the short term. However, in the medium to long term, market concerns should be alleviated. ETH is the most decentralized asset aside from BTC, and hackers are likely to hold the majority of ETH rather than directly dumping it at low prices. Furthermore, the conversion of ETH to stablecoins will also be closely monitored and subject to bans.

#Bybit's official response came promptly. At 12:07 AM on the 22nd, Bybit co-founder Ben Zhou stated: "Even if the losses from this hacker attack cannot be recovered, Bybit's assets are still guaranteed 1:1, and we can bear the losses." This reflects the confidence and stability of a well-established exchange.

#CZ and #biget also spoke up promptly and offered support, believing that bybit will resolve the issue quickly, waiting for the flowers to bloom.

#BybitHacked #Exchange #eth