Bybit Showcases Top Level Crisis Management Awareness - What Can We Learn?

This one was big. Like the biggest ever. But don't call the wambulance. Bybit proved a masterclass in crisis management.

Bybit suffered the world’s largest hack, losing over $1.4B to the notorious North Korean hack group Lazarus Group. Despite incurring such a huge loss and the exchange experiencing a record outflow of liquidity as withdrawals, the markets were barely affected, and the FUD level remained contained.

What can we learn from Bybit’s crisis management and communication?