Bybit has successfully restored 77% of its assets under management (AUM) following a recent security incident, reaffirming its commitment to transparency and resilience. The exchange also reported strong trading activity, surpassing $40 billion in volume over the past two days, and enhanced its proof of reserves verification to ensure full collateralization of user funds.
Bybit Restores 77% of Assets Under Management, Strengthens Security After Hacking Incident
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Bybit Restores Confidence With Strong Asset Recovery and Transparency
Bybit has made significant strides in restoring assets and reinforcing security after a recent security incident. In a statement shared with Bitcoin.com News, company officials said the exchange has successfully recovered 77% of its assets under management (AUM), reflecting a strong recovery strategy and renewed client confidence.
In the statement, Bybit said it has enhanced its liquidity, now offering superior spot liquidity across 180 trading pairs, surpassing pre-incident levels. The top 70 trading indices have also rebounded to 87% of normal levels, with the platform seeing $40 billion in trading activity over the past two days, demonstrating continued market trust.
In addition to its monthly proof of reserves verifications, Bybit has conducted an extra audit to ensure full collateralization of user assets. The latest figures confirm a 102% reserve ratio for BTC and ETH, 104% for USDT, 102% for SOL, 116% for USDE, and 229% for USDC, highlighting the exchange’s strong financial position.
“We have taken swift and decisive actions to reinforce our security measures and protect our users. Our top priority is to maintain the highest standards of transparency, resilience, and trust,” said Ben Zhou, co-founder and CEO of Bybit.
