The theft generated panic on the Bybit platform; however, its CEO Ben Zhou stated that they have the backing to cover the 1.5 billion dollars stolen and the subsequent leaks that this situation caused, especially in stablecoins. In any case, for several hours, they blocked many of the functions of their wallets to ensure more security for users and savers.
According to Coindesk, in the hours following the hack, panic led to a total withdrawal of around 4 billion dollars in cryptocurrencies from the Bybit exchange platform. From the 16.9 billion it managed, it dropped to 11.2 billion dollars according to DeFiLlama data.