Woke up to @Bybit_Official exploited. First thought is that this is not FTX level despite how bad it is. Second thought is that this is massively bullish for dexes, particularly @HyperliquidX, @vertex_protocol, @GMX_IO. In particular, HYPE is going to be a massive beneficiary of this exploit as @Bybit_Official is generally considered safe but we all know no cex is ever truly safe. L👀k at COIN on the daily....now down 5%. Not your keys not your crypto, noncustodial exchanges, all dexes likely to immediately seem more appealing to customers. I know it does to me. Buying more HYPE here at 25. Will be tracking bridge inflow and OI carefully to see if the thesis plays out in the coming days.