Quote from: sotelorene on May 25, 2025, 08:36:19 PM

Quote from: Mrbluntzy on May 10, 2025, 07:05:12 PM

Quote from: Glowy on May 09, 2025, 09:07:31 PM

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?

Despite the hack, Bybit is still running their exchange perfectly okay and no user complained that they lost their asset because of the hack. Do I still use bybit exchange? Yes I do and that the exchange has been serving me well but I don't keep my coins on the exchange, keeping your coins in a centralized exchange is at your own risk, it's either the exchange gets hacked or your own gets hacked.

You are absolutely right, Bybit is doing absolutely well regardless of the hack and I think it is one of the best exchange because of how user-friendly it is but I think the team should work on the platform because I have been trying to trade my coin via Pair to pair (P2P), and some buyer won't send me complete money until I will have to text them to complete my money and when they will saw the text, they will act as if it was a mistake so I think Bybit should work on this if actually they are seeing all transaction that is going and we should be very careful especially newbie to check payment if it is complete before they release coin.

However, keeping coin or fiat in an exchange is not really advisable because aside been hack, Government can come up one day to make law that can make your asset to be unless in that particular exchange, the best place to store an asset is wallet and not just anyhow wallet.

This observation is one that I have not noticed. But it should be worked on, because it can cause distrust and lack of interest in using the platform, as a result of fear.

Bybit really should make people comfortable with their exchange. Even though they were able to manage the hack and still retain its users. There is room for more to be done.