Part 2/9:
The staggering amounts involved are jaw-dropping. The hack represented approximately 8 to 9% of Bybit's total assets, which are valued between $16 to $20 billion. Notably, 70% of their Ethereum inventory was impacted. Despite the significant loss, Bybit has demonstrated resilience by successfully processing many withdrawals, which raised questions about the overall impact on user confidence and trust in centralized exchanges.