@TheFlowHorse Does an early drawndown in equites and crypto like what we are having, affect our normal cycle of sell in may and go away?
Unless this just keeps going down until end of next month, I feel like timelines are moving up a bit. Thinking of June rather than august/september.
@TheFlowHorse@synqxyz I’ve always struggled with these, I understand the cost and tying up too much liquidity. However, why not just buy the put outright. What am I missing?
@TheFlowHorse I was doubting myself about the 8-9th inning and how bunch of good news did not move the market. However I kept thinking “Im going to give it until Opex” because you kept saying it. Im glad i listened and was patient.
Bybit detected unauthorized activity involving one of our ETH cold wallets. The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing interface, displaying the correct address while altering the underlying smart contract logic. As a result, the attacker was able to gain control of the affected ETH cold wallet and transfer its holdings to an unidentified address.
Our security team, alongside leading blockchain forensic experts and partners, is actively investigating the incident. Any teams with expertise in blockchain analytics and fund recovery who can assist in tracing these assets are welcome to collaborate with us.
We want to assure our users and partners that all other Bybit cold wallets remain fully secure. All client funds are safe, and our operations continue as usual without any disruption.
Transparency and security remain our top priorities, and we will provide updates asap