IT Tech Crypto

⚠️ The so-called bank run, and so far, Bybit has survived. It seems the worst is over, but if someone holds significant funds on an exchange, they shouldn’t. I personally keep 80% of my funds in external wallets and 20% spread across four different exchanges. Diversification is key. 🧠

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I decided to test withdraw some ETH on Bybit which I had from trading and the withdrawal was processed to my wallet in a minute.

Bybit CEO Ben Zhou said that since the hack (10 hours ago), Bybit has experienced the highest number of withdrawals in history, with a total of more than 350,000 withdrawal requests and about 2,100 withdrawal requests pending. Overall, 99.994% of withdrawals have been completed. — link

I didn’t withdraw any funds from Bybit.

You can track it here. https://fxtwitter.com/arkham/status/1892966990072951235?s=52

Who played with me? https://fxtwitter.com/it_tech_pl/status/1892960510062010442?s=52