Less than two months ago, the crypto exchange Bybit fell victim to one of the largest attacks in the crypto sector’s history, losing about $1.5 billion in ether (ETH) to cyber criminals. While the leading trading platform has recovered significantly from the effects of the attack, market experts have analyzed data that showed how it navigated the incident.
A postmortem report obtained by the crypto institutional-grade research firm BlockScholes reveals how deeply the hack affected the broader crypto market, bid-ask spreads, and the role of Bybit’s new Retail Price Improvement (RPI) orders in the platform’s recovery.
How Bybit’s Hack Affected the Market
Recall that the attack targeted one of Bybit’s Ethereum cold wallets. BlockScholes disclosed that the sell-off that followed the incident was not unique to crypto because the market was already witnessing a significant de-risking across crypto assets due to several macro events, including tariff tensions and the launch of DeepS
We współpracy z: https://cryptopotato.com/how-did-bybits-1-5b-hack-affect-the-crypto-market-an-in-depth-analysis/
