Bybit hacked | Largest crypto theft $1.4 Billion | CEO says “funds are safu” even if they aren’t able to recover the hacked assets they still have 1:1 assets for all of crypto on their platform.

I'm not a CEO but let's both the perspective of the bybit users and the company. From Users perspective there's no question that they need to transfer out their crypto from bybit even when the CEO says "funds are safu" From Bybit's perspective let's assume that they have 1:1 assets backed for all the users but just by saying this no one's going to put their trust in you and no one should. If I were the CEO instead of saying "funds are safu because 1:1" I would also say that "Users who wish to withdraw their funds and can do so and we are going to process all the withdrawals till then we are offering ZERO fees on Spot and Futures trading". What this does is if they do actually have 1:1 assets to fund the withdrawals then good people get their crypto but Bybit also doesn't lose their credibility in the long run. It's almost given that almost everyone is anyways going to withdraw their crypto from bybit but by saying this they would instill trust if they still want to exist as an exchange. Continuation to this strategy they should also post the number of withdrawals processed in record time this would additionally allow them to gain back the goodwill in future by saying remember when we were hacked and still got your back.

All this is assuming they do have the funds.

I'm open to hear what others have to say. Needless to say if I had crypto on bybit I would have withdrawn it.