Big news in the world of cryptocurrency! A big company called Bybit, which helps people buy and sell crypto, had a huge problem. Hackers stole a lot of money – a whopping $1.5 billion! This made people worried about using Bybit.
This theft affected how much of the cryptocurrency market Bybit controlled. It dropped a lot, then improved a little.
Other companies, like Binance, got more users because of this.
- Hackers stole $1.5 billion from Bybit.
- Bybit's share of the market went down, then went up a bit.
- Binance, another big company, got more users.
- The hackers are thought to be from North Korea.
| Before Hack | After Hack (March 2nd) | After Hack (March 9th) |
|---|---|---|
| Bybit: Almost 20% of the market | Bybit: 5% of the market | Bybit: 9.04% of the market |
| Binance: Less than 62% of the market | Binance: 62% of the market | Binance: Around 50% of the market |
