Bybit sees a $4B liquidity influx and processes 350,000+ withdrawal requests

Bybit experienced a significant event after a hack that resulted in the theft of $1.5 billion in crypto assets. In just 12 hours following the hack, Bybit saw an influx of $4 billion. This included 63,168 ETH, $3.15 billion in USDT, $173 million in USDC, and $525 million in CUSD.The exchange faced a historic surge in withdrawal requests. Many users were concerned about the possibility of insolvency due to the… 

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