Bybit hack is inexcusable and will hurt them for a long time.

No one EVER sent $1.4B all in ONE transaction. NO ONE. It's plain laziness + complacency.r

Even if the contract was compromised, had they split it up into 10-30 separate transactions, it would minimize the damage. Instead of losing $1.4B all in one go, the loss would of been $25-100M instead.

It has to be some sort of deliberate insiders doing here.

This is just one aspect, multi-sig + cold wallet is the best security that you can get right now, and if they still got hacked, what other vulnerabilities are there?

I would not touch Bybit for at least 1 year.