Valentiners
@valentiners
Bybit Hack's Industry Impact The breach moderately dents crypto security credibility but won’t derail institutional adoption. Exchanges must prioritize cold wallets (95%+ reserves), real-time smart contract audits, and insurance funds. Enhanced security may raise operational costs 10-15%, potentially slowing new feature rollouts. Users will face stricter KYC/2FA but gain trust long-term.
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