Cryptocurrency exchange Bybit has announced significant progress in asset recovery and trust rebuilding following a recent security incident.
Key Recovery Milestones
Bybit has successfully restored 77% of its assets to pre-incident levels. The platform has significantly improved spot liquidity, surpassing industry benchmarks. Contract market recovery has exceeded expectations, showcasing resilience. Trading volumes have remained strong, exceeding $40 billion.
Strengthened Proof of Reserves
Bybit conducted an additional proof of reserves audit, confirming full collateralization of client assets. Collateralization figures: BTC, ETH — 102%, SOL — 103%, USDT — 104%, USDE — 116%, USDC — 229%.
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume. Founded in 2018, it provides robust infrastructure and innovative blockchain solutions in partnership with leading protocols. Bybit aims to create a simple and equal ecosystem for users.
Bybit's swift and decisive actions in response to the incident demonstrate the company's commitment to high standards of security and transparency, reinforcing user trust.
