The market is in a state of great confusion after the Bybit hack and people do not know what could happen next and There is anxiety and fear about the impact of the hack on prices and liquidity and many traders have become cautious in their movements This news makes the situation tense especially since Bybit is one of the large platforms and this increases doubts about the security of centralized platforms in general.
More than a billion dollars worth of Ethereum is a huge number and it is not a simple thing to steal so easily This period has become full of thefts and hacks targeting the crypto market and this makes people lose more confidence in centralized platforms Every day we hear about a new hack as if it has become an era full of threats to cryptocurrencies This issue proves that security is the most important thing and that those who have crypto must be very careful when storing their assets.
Despite all the continuous warnings from everyone not to store money on centralized platforms there are still many people who put their money there and are exposed to the same risks every time The recent hack of Bybit confirms that security on these platforms is not 100 guaranteed and that the best solution is to store in cold or decentralized wallets Unfortunately some people prefer ease over security which is what always makes them face these risks.
Although the market has been in a big downturn these days I am confident that it will recover with time Crypto has gone through many downturns before and every time it comes back stronger It is true that the situation is tense and people are afraid but those who understand the market know that it always goes through cycles and after every downfall comes an up The most important thing is patience and good risk management because great opportunities come in difficult times like these.
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