Bybit Exchange Wallet被黑客入侵，損失高達15億美元

2月21日，加密貨幣市場突然發生了一場黑天鵝事件：Bybit Exchange Wallet被黑客入侵

The cryptocurrency market experienced a significant event on February 21 with the hacking of Bybit exchange wallet, leading to a loss of up to $1.5 billion. This incident set a record for the largest security incident in history.

加密貨幣市場於2月21日經歷了一項重大事件，隨著Bybit Exchange Wallet的黑客入侵，損失了15億美元。該事件為歷史上最大的安全事件創造了記錄。

As the stolen crypto assets were mainly Ethereum and its pledge certificates, ETH plunged more than 5% during the session, dragging down the broader market.

由於被盜的加密資產主要是以太坊及其承諾證書，因此ETH在會議期間跌落了5％以上，拖延了更廣泛的市場。

While Bybit, the party primarily responsible for the security incident, has announced full compensation for users' losses, the impact of the theft on the industry and the market is not over yet.

雖然該黨主要負責安全事件的黨派宣布了對用戶損失的全部賠償，但盜竊對行業和市場的影響尚未結束。

Firstly, it remains an open question whether Bybit has enough of its own assets to make up for the asset gap caused by the theft of coins. Taking Binance's assets in January as a reference, its reserves corresponding to $100 billion in customer assets are $8.7 billion. Then Bybit's $15.7 billion in customer assets should correspond to $1.37 billion in reserves. This means that the pressure to fully compensate customer assets is still huge.

首先，仍然是一個懸而未決的問題，Bybit是否有足夠的資產來彌補因盜竊硬幣造成的資產差距。將Binance的資產作為參考，其對應於1000億美元的客戶資產的儲量為87億美元。然後，拜比特的157億美元客戶資產應相對應13.7億美元的儲備。這意味著完全補償客戶資產的壓力仍然很大。

At present, whether it is through internal fund scheduling or external financing to fill the funding gap, Bybit needs to audit the asset status of the exchange and publicize the results in order to restore market confidence as soon as possible. Otherwise, Bybit may face the risk of a run again, which will trigger market panic.

目前，無論是通過內部基金計劃還是外部融資來填補資金差距，Bybit都需要審核交易所的資產狀況並宣傳結果，以便盡快恢復市場信心。否則，Bybit可能會再次面臨奔跑的風險，這將引發市場恐慌。

Secondly, the main reason for the attack on Bybit wallet was that hackers obtained Safe.Global's AWS S3 or CloudFront account/API key, thereby tampering with the front-end JavaScript file stored in S3 and implanting malicious code targeting Bybit's cold wallet address. Many professionals believe that this security incident may involve insider cooperation.

其次，攻擊bybit錢包的主要原因是黑客獲得了安全。許多專業人士認為，這一安全事件可能涉及內部合作。

As one of the important multi-signature wallet service providers in the Web3 field, SAFE currently still manages more than $100 billion in crypto assets, which has caused great concerns in the market about the spillover of security risks. In addition, when using an external wallet system, Bybit did not conduct a secondary review of important transactions, and its security awareness was weak, which led to a crisis of trust among users in decentralized exchanges. Therefore, it may take a long time to solve the series of problems caused by the theft of coins and rebuild market confidence.

作為Web3領域中重要的多簽名錢包服務提供商之一，Safe目前仍管理著超過1000億美元的加密資產，這在市場上引起了人們對安全風險溢出的極大關注。此外，當使用外部錢包系統時，BYBIT並未對重要交易進行次要審查，其安全意識卻很弱，這導致了分散交易所中用戶的信任危機。因此，解決硬幣盜竊並重建市場信心引起的一系列問題可能需要很長時間。

In addition to the concentrated outbreak of internal risks, the impact of macro risks is also one of the important reasons for the continued decline of the crypto market. Against the backdrop of Trump's fiscal spending cuts and wielding the tariff stick, the U.S. stock market continued to fluctuate, with the median decline of the seven technology giants in the past week reaching 13%. This makes it difficult for the crypto market to enjoy the liquidity spillover of the U.S. stock market. Therefore, while the U.S. stock market plummeted, the Bitcoin ETF also suffered a record outflow. Without policy (national reserve Bitcoin) benefits or technological breakthroughs (improvement in fundamentals) as a hedge, the crypto market will continue to be under pressure from the decline of the U.S. stock market.

除了集中爆發內部風險外，宏觀風險的影響也是加密市場持續下降的重要原因之一。在特朗普的財政支出削減和揮舞關稅棒的背景下，美國股市繼續波動，過去一周的七個技術巨頭的中位數下降達到13％。這使得加密市場很難享受美國股票市場的流動性溢出。因此，儘管美國股票市場暴跌，但比特幣ETF也遭受了創紀錄的流出。如果沒有政策（國家儲備比特幣）的福利或技術突破（基本面的改善），則加密市場將繼續受到美國股票市場下降的壓力。

However, despite the lack of innovation in the crypto market, the valuations of most application-related tokens are below 80% of the historical percentiles, and the prices are still below 90% of the historical percentiles, which means that the valuations of most projects have returned to the level of Bitcoin at $15,500. The extremely low valuations have already reflected the sluggish fundamentals in advance.

但是，儘管加密市場缺乏創新，但大多數與應用相關的代幣的估值低於歷史百分位數的80％，而且價格仍低於歷史百分位數的90％，這意味著大多數項目的估值已恢復到比特幣的水平，為15,500美元。極低的估值已經提前反映了疲軟的基本面。

In addition, despite the huge resistance to establishing a national reserve of Bitcoin, Trump has begun to fulfill his campaign promise to "reverse the SEC's attitude towards crypto regulation" since last week.

此外，儘管對建立全國比特幣儲備的抵制極大，但特朗普已經開始履行他的競選承諾，自上週以來“扭轉SEC對加密貨幣法規的態度”。

Firstly, in the past week, the US SEC withdrew its lawsuit against Coinbase and terminated its investigation into projects such as Robinhood Crypto, OpenSea, Uniswap Labs, and Tron. In response to the US SEC's abandonment of its investigation into Uniswap, Hayden Adams, co-founder of Uniswap, said that the SEC's previous investigation lasted three years, wasted a lot of time and millions of dollars, and had a significant impact on the company. The human, material, and financial pressures that must be borne in these lawsuits are not something that ordinary companies can afford. This means that many small and medium-sized projects are basically closed down once they are targeted by the SEC. With the end of the era of brutal regulation, the living environment of blockchain projects will be greatly improved.

首先，在過去的一周中，美國SEC撤回了針對Coinbase的訴訟，並終止了對Robinhood Crypto，Opensea，Uniswap Labs和Tron等項目的調查。為了回應美國SEC放棄對UNISWAP的調查，Uniswap的聯合創始人Hayden Adams表示，SEC之前的調查持續了三年，浪費了很多時間和數百萬美元，並對該公司產生了重大影響。在這些訴訟中必須承擔的人類，物質和財務壓力不是普通公司所能負擔的。這意味著，一旦SEC將許多小型項目基本關閉，基本上就會關閉。隨著殘酷監管時代的終結，區塊鏈項目的生活環境將大大改善。

Secondly, President Trump will host the first White House Cryptocurrency Summit and deliver a speech on March 7. The summit will be hosted by David Sachs, the White House crypto director, and managed by Bo Heins, the executive director of the task force. At that time, founders, executives, investors of well-known projects and members of the President's Digital Asset Task Force will gather together. The goal of the summit is to develop a clear regulatory framework, promote innovation

其次，特朗普總統將主持第一屆白宮加密貨幣峰會，並於3月7日發表演講。峰會將由白宮加密省董事戴維·薩克斯（David Sachs）主持，並由該工作隊執行董事Bo Heins主持。當時，創始人，高管，知名項目的投資者以及總統數字資產工作組的成員將聚集在一起。峰會的目的是製定明確的監管框架，促進創新