Comment by jgilias

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.