Actually, the time when bybit was actually stolen was before noon yesterday, not last night. I noticed that a certain person withdrew almost half of the coins from the concentrated cold wallets to new wallets at 2pm yesterday. Those who have been keeping an eye on this will have noticed it as well. These are large amount withdrawals, and multi-signature cold wallets are not safe either.
However, yesterday afternoon until the evening, the market was on the rise, and it continued to be so until early in the morning when bybit.'s official page posted an announcement and prices fell.
Exchanges and people with resources receive information much faster than us, retailers. At that time, I also did not react and wondered why the exchange's cold wallet withdrew so many coins at once yesterday afternoon. Now it seems that they scared me. 😂
From here you can see how big the risk of holding coins on centralized exchanges is: either the exchange goes away, or it is attacked by hackers, or the exchange collapses.
The future belongs to decentralized exchanges. At least decentralized exchanges will take half of the dominance of centralized exchanges.
If you are a big player, looking for long-term stability and chasing high profits, buying coins from decentralized exchanges is the right choice. Either this time the bull market breaks out, or the next bull market!