Bybit exchange suffered a $1.4 billion Ethereum theft case, marking the largest single loss in cryptocurrency history. In the short term, market volatility has intensified, but Bybit promises the safety of user funds and compensates for losses through loans to avoid greater panic. The incident exposed vulnerabilities in cold wallet management, which may prompt exchanges to strengthen security measures, such as improving multi signature processes or adopting decentralized solutions. User trust or influence may reduce the storage of platform assets, and regulatory agencies may also take the opportunity to strengthen compliance requirements. In the long run, this may accelerate the industry's development towards greater security and decentralization. Bybit can enhance resilience if handled properly, otherwise it may face a crisis of trust. The subsequent flow of funds and recovery measures are worth paying attention to.