Comment by lofties

4 months ago

> "Please rest assured that all other cold wallets are secure. All withdrawals are normal," he added.

There are no American infidels in Baghdad. Never!

I'd probably bet on this being and staying the case. Bybit needs to look as strong as possible here and they probably have a bunch of willing lenders.

The second they have to pause withdrawals and look weak, it could be game over from the (additional) reputational damage.