#bybit被盗 Can the MT5 server not withstand it?

From a technical perspective

This incident exposed numerous technical vulnerabilities in cryptocurrency storage and trading systems. The fact that hackers were able to tamper with smart contract logic and manipulate interfaces indicates that trading platforms have shortcomings in smart contract security audits and front-end interface protection. The lack of parsing, verification, and risk warning capabilities in hardware wallets leads to operators making 'blind signatures', reflecting the need for upgrades in hardware wallet technology.

From an industry perspective

As a leading cryptocurrency exchange, Bybit's theft incident has caused a huge shock to the entire industry, severely undermining market confidence, leading to significant fluctuations in cryptocurrency prices, and possibly triggering a trust crisis among investors in other trading platforms. This further highlights the severity of security issues in the cryptocurrency industry, indicating that the industry’s security protection system is still not comprehensive enough and requires a thorough reflection and reconstruction from infrastructure to management processes.

From a regulatory perspective

The incident indicates that there is a lag and insufficiency in cryptocurrency market regulation. The decentralized nature of cryptocurrency trading conflicts with the existence of centralized exchanges, making regulation quite challenging. However, to protect investors' rights and market stability, regulatory bodies need to expedite the formulation and improvement of relevant laws and regulations, strengthen monitoring of trading platforms, and standardize market order.

From an investor perspective

This incident serves as a wake-up call for investors, reminding them that when participating in cryptocurrency investments, they should not blindly trust the security of trading platforms. They need to enhance their risk awareness and protect their assets. Investors should diversify their investments and avoid concentrating all their assets on a single platform or cryptocurrency, while also learning and mastering certain cryptocurrency security knowledge, such as understanding how to use wallets and how to safeguard private keys.