🔥 NOW: Ben Zhou claims ByBit has “experienced a massive withdrawal” and it has “passed the peak.”

Bybit’s resilience is being tested, and it’s good to see them handling the situation transparently. Strong security and trust will keep the platform moving forward! 🔥

If all bybit customers sell other crypto for Eth, it’ll force Bybit to start filling the $1.4bn hole and send Eth flying, thereby forcing Bybit to buy Eth even faster.

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Thats why Bybit had to put a queue or partially block the withdrawals ! This plus the loans, it doesn't look too good to me

Binance is surely not giving up the leading role in crypto to anyone.

Massive withdrawals expose centralized risks. Bitcoin’s self-custody eliminates trust issues. Hold your keys, hold your freedom.

Crypto exchanges facing stress tests is healthy for the ecosystem. Market corrections separate resilient platforms from weak ones. Let's watch how ByBit handles this - their response will shape future regulatory frameworks.

Lets recover👍

Seems like a big shift for ByBit. Wonder how this will affect the market in the coming days.

So bad