German authorities today, 9th May 2025 announced the seizure of $103,220 worth of BTC, $2,000 worth of LTC $99.48, Dash $23.85.
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Now that there is a suspect, will Bybits recover it's lost funds. Can we still trust Bybit with our assets?
What warning signs should exchange users look out for?
It must be two questions?What warning signs should exchange users look out for?
Do you think Bybit will compensate users as victims of the hack?
Do you think Bybit exchange is trustable for our assets after that hack?
For the second question, I think Bybit is trustable enough becaus they proceeded mass user withdrawals after the hack and their exchange did not collapse after the hack and user bankrun.
For a first question, this article can help you.
https://www.cnbc.com/2025/02/24/bybit-replenished-reserves-after-record-breaking-1point5-billion-hack.html
Bybit did well after that hack but it's not good advice to store your assets on any centralized exchanges, not only with Bybit.
Reminder: do not keep your money in online accounts