The bigwigs in the cryptocurrency circle spoke out in unison: Bybit's 1.5 billion yuan incident has attracted attention!

On February 22, Bybit suffered a major blow due to a security vulnerability. Binance's CZ took the lead and said bluntly: "Bybit is really in big trouble this time, and the handling process is crucial. I suggest suspending withdrawals first. Safety is always the first priority. If necessary, I am always available to help, and I hope they can get through it!" Binance's He Yi also immediately stated: "Support at any time, it is my duty!"

Bitget and TRON stepped forward:

Bitget founder Chen Fang said: "Bybit's current situation is indeed very difficult, and security issues are the common enemy of the entire crypto industry! We will help recover the stolen funds and do our best to support them." TRON's Sun Yuchen also said: "As a partner, we will do our best to help recover the stolen funds, and we will do everything we can to overcome the difficulties with them."

The bigwigs in the cryptocurrency circle took collective action to show the cohesion of the industry:

This incident exposed the vulnerability of the crypto industry in terms of security, but it also reflected the unity and support among the industry bigwigs. Although the competition is fierce, everyone showed an unexpected spirit of cooperation in the face of the crisis. This kind of mutual help can alleviate market panic and stabilize emotions in the short term, but in the long run, the industry's security issues still need more systematic solutions.

My understanding is:

Bybit's incident is not only a challenge to itself, but also a wake-up call for the entire crypto industry. Although the support of the big guys is very warm, what can really make the crypto industry develop steadily is to improve the overall security standards and technical guarantees. The long-term and healthy development of the industry requires more trust and norms, not just temporary firefighting. I hope Bybit can take this opportunity to reflect deeply and improve its own security protection mechanism, and other platforms should also learn lessons from it and do a good job of long-term risk management.

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