$ETH The recent $1.5 billion hack of Bybit has shaken the crypto world, but a bigger question looms: was CEO Ben Zhou’s response an attempt at market manipulation?

Zhou quickly assured users that all funds were “backed 1:1” and that Bybit remained solvent, despite the massive outflows caused by panic withdrawals. But if true, why did Bitcoin, Ethereum, and other assets dip so sharply? Was the market reacting to fear, or did insiders know something we don’t?