Comment by herodotus
19 hours ago
Genuine question because I know almost nothing about crypto: who actually lost money in this attack? Lots of individuals?
19 hours ago
Genuine question because I know almost nothing about crypto: who actually lost money in this attack? Lots of individuals?
Depends how this plays out. If Bybit collapses due to this, yeah, lots of individual investors. Though history shows (MtGox, FTX) that eventually they’d be made at least partially whole.
If Bybit doesn’t collapse (can handle all the on-going withdrawals), then Bybit lost money that they’ll need to recoup through operations.
Currently it’s trending towards the second scenario.