According to Lookonchain, Bybit experienced a significant hack resulting in the theft of $1.4 billion from its $16.2 billion reserve assets, accounting for 8.64% of its total reserves. This incident raises concerns about security measures and could impact trading volumes and trust among users on the platform. Source: CoinMarketCap.

According to Lookonchain on Twitter, Bybit experienced a significant security breach where $1.4 billion was stolen, accounting for 8.64% of its $16.2 billion reserve assets as reported by CoinMarketCap. This substantial loss could impact Bybit's liquidity and trading operations, necessitating closer scrutiny by traders regarding its reserve safety and future asset security measures.