Bybit Exchange Wallet被黑客入侵，损失高达15亿美元

2月21日，加密货币市场突然发生了一场黑天鹅事件：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.

加密货币市场于2月21日经历了一项重大事件，随着Bybit Exchange Wallet的黑客入侵，损失了15亿美元。该事件为历史上最大的安全事件创造了记录。

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.

由于被盗的加密资产主要是以太坊及其承诺证书，因此ETH在会议期间跌落了5％以上，拖延了更广泛的市场。

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.

虽然该党主要负责安全事件的党派宣布了对用户损失的全部赔偿，但盗窃对行业和市场的影响尚未结束。

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，仍然是一个悬而未决的问题，Bybit是否有足够的资产来弥补因盗窃硬币造成的资产差距。将Binance的资产作为参考，其对应于1000亿美元的客户资产的储量为87亿美元。然后，拜比特的157亿美元客户资产应相对应13.7亿美元的储备。这意味着完全补偿客户资产的压力仍然很大。

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，无论是通过内部基金计划还是外部融资来填补资金差距，Bybit都需要审核交易所的资产状况并宣传结果，以便尽快恢复市场信心。否则，Bybit可能会再次面临奔跑的风险，这将引发市场恐慌。

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，攻击bybit钱包的主要原因是黑客获得了安全。许多专业人士认为，这一安全事件可能涉及内部合作。

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.

作为Web3领域中重要的多签名钱包服务提供商之一，Safe目前仍管理着超过1000亿美元的加密资产，这在市场上引起了人们对安全风险溢出的极大关注。此外，当使用外部钱包系统时，BYBIT并未对重要交易进行次要审查，其安全意识却很弱，这导致了分散交易所中用户的信任危机。因此，解决硬币盗窃并重建市场信心引起的一系列问题可能需要很长时间。

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.

除了集中爆发内部风险外，宏观风险的影响也是加密市场持续下降的重要原因之一。在特朗普的财政支出削减和挥舞关税棒的背景下，美国股市继续波动，过去一周的七个技术巨头的中位数下降达到13％。这使得加密市场很难享受美国股票市场的流动性溢出。因此，尽管美国股票市场暴跌，但比特币ETF也遭受了创纪录的流出。如果没有政策（国家储备比特币）的福利或技术突破（基本面的改善），则加密市场将继续受到美国股票市场下降的压力。

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，尽管加密市场缺乏创新，但大多数与应用相关的代币的估值低于历史百分位数的80％，而且价格仍低于历史百分位数的90％，这意味着大多数项目的估值已恢复到比特币的水平，为15,500美元。极低的估值已经提前反映了疲软的基本面。

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，尽管对建立全国比特币储备的抵制极大，但特朗普已经开始履行他的竞选承诺，自上周以来“扭转SEC对加密货币法规的态度”。

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，在过去的一周中，美国SEC撤回了针对Coinbase的诉讼，并终止了对Robinhood Crypto，Opensea，Uniswap Labs和Tron等项目的调查。为了回应美国SEC放弃对UNISWAP的调查，Uniswap的联合创始人Hayden Adams表示，SEC之前的调查持续了三年，浪费了很多时间和数百万美元，并对该公司产生了重大影响。在这些诉讼中必须承担的人类，物质和财务压力不是普通公司所能负担的。这意味着，一旦SEC将许多小型项目基本关闭，基本上就会关闭。随着残酷监管时代的终结，区块链项目的生活环境将大大改善。

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，特朗普总统将主持第一届白宫加密货币峰会，并于3月7日发表演讲。峰会将由白宫加密省董事戴维·萨克斯（David Sachs）主持，并由该工作队执行董事Bo Heins主持。当时，创始人，高管，知名项目的投资者以及总统数字资产工作组的成员将聚集在一起。峰会的目的是制定明确的监管框架，促进创新