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Genuine question because I know almost nothing about crypto: who actually lost money in this attack? Lots of individuals?
by herodotus 2y ago
Genuine question because I know almost nothing about crypto: who actually lost money in this attack? Lots of individuals?
- jgilias 2y agoDepends 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.