What Lessons We Can Learn from Bybit Hack?

[LogitechMouse]

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So what are the many lessons we can learn from this hack attack aside from the fact that we can never trust any CEX so we never make them as our wallets?

To us investors, none aside from the fact that we should not store our assets in those exchanges unless we're holding it for the short term only and we have plans to sell it immediately. If you're holding an asset for long term, don't ever, ever put it on centralized exchanges. Don't get tempt of those huge APRs if you store your assets on their exchange.

To Bybit, they need to strengthen their security because hackers are constantly evolving and adopting to the technology. They need to make sure that hacks like this will never happen again in the future.