Bybit is no longer among the three best central stock exchanges by trading after the penetration of the Lazarus Group group of $ 1.4 billion led to a huge decrease in its market share. According to data from the Kaiko series analysis platform, the BYBIT share has decreased of the total trading volume by more than 50 % since the hack.
per Kaiko dataThe market share for the bybit for all the main central stock exchanges over the past thirty days reached 32.04 % on February 15, with 22.5 % of the size on February 20, just one day before the penetration. However, this has now decreased to 9.04 % as of March 9, which represents a decrease of approximately 60 % during this period.
The diving in bybit is more clear when examining the trading volume of external exchanges, that is, the central stock exchanges that are not found in the United States.
In this category, BYBIT ranked only second in the trading volume before penetration of February 21, with an average of more than 25 % of the trading volume that led to the accident. This now decreased to 10.57 % by March 9.
An advanced way, the Binance Gain loss was. The largest exchange in the world was the largest beneficiary of the user’s exit, as the trading activity increased dramatically after a breastfeed. It was clear how its market share in Binance increased significantly.
Before penetration, Binance was responsible for about 50 % of the daily trading volume of central external exchanges. However, this changed dramatically after the penetration, as its share in the market increases exceeding 60 %. Binance. The stock market form 70.5 % of the trading volume on February 23, 48 hours after penetration.
However, other exchanges also witnessed an increase in its market share after the accident, even if it was not at a rate similar to Binance. The OKX and Coinbase’s share of the trading size has been relatively higher since the accident.
Bybit shows signs of recovery
Meanwhile, the current market share of bybit is a sign of a return in trading activity, which indicates the return of some of its users. In the days after the penetration, the market share was a free decrease, which led to a total BYBIT share of up to 5.44 % on March 2, as its share of the exchange volume also reached 6.42 %.
This highlights how the stock market crises management enables to survive the biggest theft against a financial institution. By choosing not to stop withdrawals during the worst hours of the crisis and keep users updated, the stock market managed to keep most of the encryption community.
However, the efforts to recover the funds were very slow. Despite the multi -party efforts that include many security experts, only about 3 % of money has been frozen so far. According to the data from bybit Lazarusbounty Page, only $ 43.71 million has been recovered so far.
The stock exchange also maintained its speech to give 10 % of each box that was recovered as a reward. So far, it has paid $ 4.32 million to many individuals and institutions that helped freeze money or provided information that led to freezing.
Despite this effort, infiltrators managed to transfer at least $ 300 million of stolen money, according to Al -Alailji data.
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