Odaily reported that QCP Capital posted on their official channel that the recent Bybit hack resulted in the theft of approximately $1.4 billion worth of Ethereum (ETH). However, despite the incident occurring just two days ago, the prices and implied volatility in the digital currency market have shown almost no reaction. This price behavior highlights the increasing maturity of the crypto market, especially in the crypto lending space, since the FTX collapse in 2022. Bybit's ability to quickly secure a bridge loan to cover the liquidity gap underscores the resilience and ample available liquidity in the lending space. The industry has been steadily recovering since 2022 and experienced a significant surge before the last U.S. presidential election. Various aspects of the crypto industry, from custody and security solutions to corporate governance and transparency, have been strengthened through each crisis. In fact, Bybit's ability to withstand over $6 billion in withdrawals after the largest crypto heist to date can be seen as a testament to confidence in the trading platform, rather than a setback. With Bybit's purchases over the weekend, ETH has remained relatively stable. However, now that the liquidity gap has narrowed, risk reversal trades indicate an increased market expectation for a decline in ETH in March. Meanwhile, the Lazarus Group, allegedly linked to North Korea, is reported to hold 0.42% of the ETH supply, making it the 14th largest ETH holder.