Some restored faith in crypto after Bybit hack

Binance and Bitget sending 50k ETH to Bybit has restored some faith for me. In many markets, you would expect large companies to want their competitors to collapse so they can absorb the leftovers and reap more profits.

It’s nice to see big companies working together when most days all I see are rug pulls, scams, and general negativity in this space(especially on twitter).

I understand that it’s not entirely out of the kindness of their hearts. If we get another FTX moment, we would most certainly be plunged into a short or even long term bear market, which isn’t exactly in anyone’s interest, especially the big exchanges.