@dsfgewtetw
The $1.5B Bybit hack in February 2025 caused BTC’s 8% drop within 24 hours, but contagion was limited due to:
Cross-exchange collateralization: 90% of 被盗 funds were isolated to Bybit.
Insurance coverage: Nexus Mutual’s $500M payout mitigated losses.
Regulatory buffers: SEC’s 2025 cyberinsurance mandate reduced systemic risk.
Panic typically lasts 2–3 days before market fundamentals reassert.