
Bybit has made a remarkable turnaround after suffering a high-profile hack in February. Its capital inflow in March was nothing short of impressive. Data from DeFiLlama shows that Bybit’s capital inflow in March reached an astonishing $3.61 billion, the highest among all centralized exchanges (CEXs) for the month. This, obviously, is a significant recovery for the platform and a testament to probably effective crisis management. 1. Retrieving lost capital after a hack is a difficult task for any exchange. 2. Most hacked exchanges tend to either collapse completely or exist in a zombie state. 3. Even the hacked CEX in question (in this case, Bybit) has managed to hang on to a fair amount of customer trust. 4. This article will explore the implications of Bybit’s recovery. After a tough few weeks following the hack, Bybit is coming back strong. The hack was bad, of course—the breach in security that led to the theft of user funds was never going to be an easy thing to deal with. But if a company can manage a life-threatening event and come out strong on the other side, there will surely be many Bybit loyalists living in a world where they can feel normal again. And with Bitcoin and other cryptocurrencies surging, Bybit may very well be back in play. Bybit’s Recovery Plan: Transparency and Asset Reserves After the hack, Bybit took immediate and decisive action to manage the crisis. One of the key aspects of Bybit’s recovery strategy was its commitment to being transparent. The exchange quickly shared detailed updates with its users about the situation and the steps being taken to rectify the breach. In an effort to ensure that customer funds were fully protected, Bybit emphasized something very important—its asset-sharing—a concept that corresponds 1:1 with every user deposit. This was, for a good number of users, a very reassuring communication strategy. Bybit shared updates, gave some specialized interviews, and kept on communicating. This was almost a “overcommunication” strategy—lots of users who might have been teetering on the edge of returning to the site got this honesty as a confidence boost. Besides transparency, Bybit prioritized recovering the stolen funds. The security team at the company worked day and night tracing the pilfered assets and collaborating, where necessary, with authorities to identify the bad guys. This effort also helped with user reassurance. Moreover, Bybit took proactive measures to manage the fallout from the hack by supervising 350,000 withdrawal requests that had built up during the uncertain time. The handling of this situation allowed users who wanted to access their funds to do so quickly and without extra hassle. Going into damage control mode with this process helped Bybit fix its reputation enough to concentrate on the recovery from the breach. DeFiLama shows that after being hacked in February, Bybit`s capital inflow in March reached $3.61 billion, ranking first among all CEXs, indicating that its customers are returning after the hack. Binance`s inflow in March was $3.545 billion, ranking second. Currently, the total… pic.twitter.com/mstyw3SZ13 — Wu Blockchain (@WuBlockchain) April 1, 2025 March Inflow: A Strong Showing from Bybit Bybit’s successful recovery was most clearly illustrated in March when the exchange saw a whopping influx of capital. With $3.61 billion in capital inflow, Bybit led all centralized exchanges, even ahead of Binance, which saw an inflow of $3.545 billion in the same time frame. The fact that Bybit managed to attract this enormous amount of new capital, in spite of the hack it experienced earlier in the year, is a pretty strong testament to the platform’s resilience and the way it has managed to reassure its users. Bybit has total capital inflows of $15.133 billion—indicative of both its recovery and continued growth. Those figures suggest that not only is the user base returning, but there’s renewed trust in operations and security. Given the volatile nature of the crypto space and the heightened risks associated with exchange hacks, Bybit’s performance (in capital inflows, at least) is all the more impressive. Binance’s Strong Position Amid Bybit’s Recovery Even though Bybit had impressive inflows in March, it wasn’t the only exchange experiencing that trend. Binance, the world’s largest cryptocurrency exchange, also had a strong inflow of $3.545 billion in March, landing it in second place, just behind Bybit. This suggests that, despite the competition from exchanges like Bybit, users still trust Binance and are sending it a significant amount of capital. Trust in centralized exchanges appears to be growing, as evidenced by the large inflows seen by both Binance and Bybit in March. These inflows occurred just months after a significant security breach at Bybit, yet they indicate an intrinsic, upward trust trend for both platforms. This upward trust trend underscores the ability of both platforms to maintain user confidence, even when strong evidence points to possible, user-destroying security vulnerabilities in the places where users hold their crypto. The space between the two platforms is made clear by the finding that, in fact, there is no space—the ability of the two platforms to maintain confidence just might be a `crypto` manager’s textbook illustration of how to handle a breach, by being open and transparent. Looking Ahead: A Competitive Landscape The competitive structure of the centralized exchange market is changing while Bybit recovers from the hack. Binance and Bybit are both doing very well, yet Bybit’s sharp recovery is a clear sign that it is not only back but also looking to capture market share. If the platform can keep improving its fortifications and maintain a fundamentally sound, super transparent way of dealing with user troubles, that’s a good sign for it in terms of strength, stability, and position in the market. Additionally, the March data sheds light on the user trust in the cryptocurrency exchange ecosystem. Exchanges that offer not just innovative products and services but also the security and transparency users demand will likely be the ones that thrive in the long run. Bybit’s recovery serves as a model for how exchanges can bounce back from such security incidents, with a laser focus on asset reserves, clear and concise communication with users, and a quick response to user needs. The market is changing. How other world exchanges will adapt to the increasing demand for safe, easy-to-use platforms remains to be seen. But today, Bybit’s impressive resurgence makes it about as close to a guaranteed thing as you can get in this market. It is a testament to the platform’s resilience and the regained trust of the platform’s user base. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Justin Sun: The Watchman of Web3

On April 2, 2025, Justin Sun once again set the crypto world abuzz. As reported by CoinDesk, Sun stepped in with a critical injection of liquidity to support TrueUSD (TUSD) amid a staggering $456 million reserve gap—averting a potential depegging crisis that could have rocked the stablecoin ecosystem. “Godzilla was destroying the city. I’m Ultraman—I came in and punched Godzilla to save everyone,” Sun told Hong Kong media outlet Sing Tao Daily, in his trademark flair. But behind the theatrics lies a much graver mission. Sun is taking on the alleged fraud by First Digital Trust (FDT) and its affiliated partners, urging Hong Kong regulators & and law enforcement agencies to take decisive measures to address these loopholes. “These assets are essentially public users’ money,” he said. “To protect users and uphold Hong Kong’s credibility as a global financial hub, I had to step in. The scale of the fraud shocked me. All fraudsters must be held accountable.” A Relentless Defender of Crypto Crypto has always been a volatile adventure. Bull runs feel like reaching for the stars, while crashes leave only wreckage. But in these uncertain times, Justin Sun has made it his role to keep the lights on. He’s not just a survivor—he’s a watchman. Someone who shows up when others hesitate. The Ethereum Showdown: Twice Tested, Never Broken Sun’s relationship with Ethereum has been nothing short of a saga. During the infamous May 19, 2021 crash, ETH dipped below $2,000 and Sun was inches away from liquidation. He repaid $300 million just in time to protect his 606,000 ETH position and threw in another $280 million to buy more ETH and BTC at fire-sale prices. “My assets were safe, but it felt like a bullet grazed my scalp. The wick was brutal,” he wrote on Weibo. It wasn’t just a trade. It was a battle of conviction. He shielded his own position while keeping the crypto dream alive. In 2024, ETH lagged in performance and Sun faced fresh rumors of massive losses and sell-offs. Instead of retreating, he proposed bold plans: Halt ETH Sales, heavily tax Layer 2 solutions, streamline foundation & optimize revenue. Wild? Maybe. But Sun has always married ambition with execution. Reviving HTX: From Burnout to Breakout Critics once joked that Sun “got burned” buying into HTX (formerly Huobi). When he stepped in as Global Advisor in October 2022, the market was reeling from FTX’s collapse, and centralized exchanges were under siege. HTX had lost ground—and users. Today, HTX is thriving. Trading volume and user activity are up, euro-stablecoin trading is on top three globally, and its CIS market share is dominant. It even made Forbes’ list of “Top 25 Most Trustworthy Crypto Exchanges of 2025.” The same exchange that once looked like a liability? Now a pillar of Sun’s empire. FTX Fallout: Standing in the Storm When FTX collapsed in November 2022, chaos swept the markets. Sun publicly pledged to support TRON-related tokens and HT assets with 1:1 redemption. He even told Bloomberg he was prepared to inject “billions” to help FTX, subject to due diligence. FTX ultimately folded, but Sun’s swift move bought time for users and preserved value within the TRON and HTX ecosystems. The Curve Crisis: DeFi Gets a Lifeline DeFi’s fragility was exposed again in 2023 when Curve Finance was hacked. Founder Michael Egorov faced possible liquidation on $100M in loans. As CRV tanked, Sun and allies stepped in, purchasing 72 million CRV for $28.8 million to shore up the protocol. He didn’t stop there—Sun launched a stUSDT pool on TRON, giving the ecosystem a boost. Some say it was strategic self-interest. But in a storm, does it matter who holds the umbrella, as long as someone does? Controversial but Unshaken Sun’s name always invites debate. Opportunist or idealist? Visionary or self-promoter? The truth probably lies somewhere in between. Yes, he’s bold. Yes, he’s ambitious. But when others flee, he steps forward. From converting $HT to $HTX, to partnering with WLFI on reserve-backed assets, Sun continues to bet on crypto’s long-term future. “I’m not here to make a quick buck,” he once said. “I want to build something that lasts.” Love him or not, in the darkest hours of Web3, Justin Sun has made a habit of showing up with a flashlight. The post Justin Sun: The Watchman of Web3 first appeared on HTX Square . NullTx

The Rise of Quantum-Resistant Cryptography – Preparing for a Post-Quantum World
HodlX Guest Post Submit Your Post The digital world is on the cusp of a major transformation with the rapid advancement of quantum computing. While this breakthrough technology promises unprecedented computational power, it also poses a significant threat to current encryption systems. Cryptographic methods that secure our financial transactions, communications and sensitive data may become obsolete. This has led to the emergence of quantum-resistant cryptography, a crucial field focused on safeguarding digital assets against quantum-based attacks. Understanding the quantum threat Classical encryption methods, such as RSA and ECC (elliptic curve cryptography), rely on complex mathematical problems that would take traditional computers thousands of years to solve. However, quantum computers leverage Shor’s algorithm, which can break these encryptions within hours or even minutes. This means that once quantum computing reaches a practical level, many of today’s security protocols will no longer be viable. The urgency to develop post-quantum cryptographic solutions has never been higher. What is quantum-resistant cryptography Quantum-resistant, or PQC (post-quantum cryptography), refers to cryptographic algorithms designed to withstand attacks from quantum computers. Unlike traditional encryption, PQC methods do not rely on integer factorization or discrete logarithm problems, which are vulnerable to quantum attacks. Instead, they utilize advanced mathematical principles such as the following. Lattice-based cryptography – Uses complex lattice structures that even quantum computers struggle to solve. Hash-based cryptography – Relies on the security of cryptographic hash functions, which remain resistant to quantum attacks. Multivariate polynomial cryptography – Uses multivariable equations that are difficult to reverse engineer. Code-based cryptography – Implements error-correcting codes to create secure encryption schemes. The urgency for adoption Governments and organizations worldwide are already preparing for the post-quantum era. The NIST (National Institute of Standards and Technology) is in the process of standardizing quantum-resistant algorithms to replace current cryptographic systems. Financial institutions, healthcare providers and technology companies are also investing in post-quantum security measures to future-proof their infrastructure. A major concern is the concept of ‘harvest now, decrypt later’ attacks. Malicious entities can collect encrypted data today and decrypt it in the future once quantum computing becomes powerful enough. This makes it essential to implement PQC sooner rather than later to protect sensitive information from future threats. Current market trends and statistics According to a recent Allied Market Research report , the global quantum cryptography market was valued at $89 million in 2020 and is projected to reach $214 million by 2026, growing at a CAGR of 19.1% during the forecast period. The rising demand for cybersecurity solutions in industries such as finance, healthcare and government is driving this growth. Another study by Deloitte estimates that more than 25% of all encrypted data on the internet could be at risk once quantum computers become powerful enough. This alarming statistic underscores the urgency of transitioning to post-quantum cryptographic methods. Challenges in implementing PQC Despite its potential, quantum-resistant cryptography comes with its own set of challenges. Computational overhead – Some PQC algorithms require significantly more processing power, making them less efficient for low-power devices. Compatibility issues – Existing digital systems must be upgraded or redesigned to accommodate new cryptographic methods. Standardization delays – The process of establishing universally accepted quantum-resistant algorithms is still ongoing, slowing down widespread adoption. Cost of migration – Transitioning to post-quantum security involves significant investment in infrastructure and training. Industries at high risk Some industries are more vulnerable than others to quantum threats due to their reliance on secure communications and data protection. Financial services – Banks and payment processors rely on encryption for transactions. A breach due to quantum attacks could lead to financial chaos. Healthcare – Patient records and medical data must remain confidential. Quantum computing could make it easier to breach these databases. Government and defense – National security agencies depend on cryptographic security to protect classified information. Cloud computing – Cloud storage providers need quantum-resistant encryption to ensure data remains safe from future threats. Steps to prepare for a post-quantum world Organizations must take proactive steps to integrate PQC into their cybersecurity strategies. Steps include the following. Identifying vulnerable encryption methods in current systems. Testing and integrating post-quantum cryptographic algorithms into applications. Collaborating with cybersecurity experts and regulatory bodies to stay ahead of emerging threats. Educating stakeholders about the risks of quantum computing and the need for cryptographic transition. Adopting hybrid cryptographic solutions that combine classical and quantum-resistant encryption during the transition phase. The road ahead As quantum computing continues to advance, the race for quantum-resistant security solutions is intensifying. Companies like IBM, Google and Microsoft are heavily investing in quantum research, which means the reality of breaking current encryption standards is approaching faster than anticipated. The need for action is clear – organizations must prioritize quantum-resistant cryptography to protect their digital infrastructure. Conclusion Quantum computing is no longer a distant future – it’s an imminent reality that requires immediate attention. The shift toward quantum-resistant cryptography is not just an option but a necessity for ensuring the security of digital assets. Businesses, governments and individuals must act now to protect their data before quantum computers render current encryption obsolete. The future of cybersecurity hinges on this transition, and those who prepare today will have a significant advantage in the post-quantum world. For further reading on post-quantum cryptography, check out NIST’s official PQC project here . Anuj Khurana is the vice president of technology at Oodles Blockchain , specializing in blockchain adoption, decentralized innovation and strategic growth. He focuses on scaling Web 3.0 solutions and building high-impact client ecosystems. Check Latest Headlines on HodlX Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post The Rise of Quantum-Resistant Cryptography – Preparing for a Post-Quantum World appeared first on The Daily Hodl . NullTx