Can someone even explain what Bybit is actually about? I searched around when th... | Hacker News

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qingcharles 4 months ago | parent | context | favorite | on: Bybit loses $1.5B in hack

Can someone even explain what Bybit is actually about? I searched around when the hack was announced, but I'm very confused. Mostly what I saw said "scam" on it.

This isn't your run-of-the-mill Coinbase style exchange, right?

cypherpunks01 4 months ago | [–]

It's the second largest crypto exchange by volume globally, behind Binance. Specialized in derivatives but they have lots of regular retail products that you might find at Coinbase. Basically like a bigger version of Coinbase from Asia.

billfruit 4 months ago | [–]

Also a major sponsor of Red bull Racing in Formula 1.

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