Who says ByBit can cover the loss? The article title says that but the article quotes do not. The CEO only said that their other cold wallets are intact and tha

Who says ByBit can cover the loss? The article title says that but the article quotes do not. The CEO only said that their other cold wallets are intact and that withdrawals remain normal. Bybit claims to be regulated by the Virtual Assets Regulatory Authority of Dubai.[1] But the lookup page at VARA says they only have "In-principle approval", not a full license. "Applicants holding an IPA are strictly prohibited from initiating operations, conducting any virtual asset activities, or servicing clients until they have obtained their full VASP licence from VARA." Uh oh. [1] https://www.vara.ae/en/licenses-and-register/public-register/ https://www.vara.ae/en/licenses-and-register/public-register...