Bybit CEO Critiques DEX Risk Controls Following ETH Liquidation Incident
Bybit CEO Ben Zhou has raised important questions about decentralized exchange (DEX) risk controls after a significant $4 million Ethereum liquidation at Hyperliquid. Zhou advocates for the implementation of dynamic risk limits to safeguard traders from massive losses, particularly in high-leverage scenarios. His comments highlight concerns about the effectiveness of risk management strategies currently employed by DEXs. As the trading landscape evolves, calls for tighter risk protocols are becoming increasingly necessary to ensure investor protection within the decentralized finance ecosystem.