People are often led by some kind of bonuses that exchanges try to lure them with, they don’t even bother to conduct a comprehensive study of this exchange. I am more surprised at people who carry their money to various no-name exchanges with a trading volume of several tens of bitcoins (and even less). I always wonder, what did they find on those exchanges that the well-known, highly liquid exchanges don't have?
I grabbed the google cache from coingecko on the 6th, it's quite interesting
The BTC/USDT pair has $444,096,618 , with a +/- 2% depth of $86,657, $246,956 going to OKX for example, we see $230,835,327 in volume with $8,258,793and $3,760,427 nad despite the hack the trading goes all smothly, not a dent.
I wonder how much of the volume was being faked, do they have even one-tenth of what they claim?
For a muli billion daily volume, a ~5 million hack shouldn't be a problem, but it might turn interesting if those were all the money the exchange had at that point.