US EditionBybit Bounces Back: Kaiko Validates Fast Liquidity Recovery Post-$1.5B Hack - BlockTelegraph
- On February 21, 2025, Bybit, the world's second-largest cryptocurrency exchange, suffered a coordinated cyberattack executing $1.5 billion in unauthorized withdrawals.
- This incident, reported in Dubai on May 7, 2025, followed a pattern of significant crypto market disruptions like the 2016 Bitfinex hack and 2023 Binance event.
- Bybit used transparency, open communication, and proactive market structure innovations to ensure uninterrupted trading and develop a rapid liquidity recovery.
- Kaiko's independent analysis found Bybit restored its Bitcoin liquidity measured by 1% market depth to an average of $13 million daily by the end of Q1 2025, exceeding 80% market depth for top 30 altcoins by March.
- The liquidity recovery, achieved within 30 days, highlights faster stabilization and market resilience compared to peers and underscores Bybit's role as a case study in recovery and user trust.
16 Articles
16 Articles
Bybit Strengthens Bitcoin Liquidity After Massive Security B
Bybit restored Bitcoin liquidity after the February security breach swiftly. The breach exploited multisig vulnerabilities, resulting in 400,000 ETH theft. Continue Reading:Bybit Strengthens Bitcoin Liquidity After Massive Security Breach The post Bybit Strengthens Bitcoin Liquidity After Massive Se...
Well Done: Bybit Restored Its Liquidity Within 30 Days After the Hack - Bitcoinsensus
Bybit restored its liquidity within 30 days after the hack, showing incomparably better results than the aftermath of the SEC lawsuit against Binance.US in 2023, which has still not recovered after losing 80% of its liquidity. Specifically, by the end of March 2025, the 1% market depth for BTC on Bybit had fully recovered to $13 million per day, while the average price slippage for BTC-USDT on Bybit for simulated $50K and $100K sell orders decre…
Kaiko: Bybit Experiences Liquidity Recovery Within 30 Days Following Hack
Bybit, a popular cryptocurrency exchange, has successfully recovered its liquidity just 30 days after experiencing a hack. This swift recovery demonstrates the exchange’s resilience and commitment to safeguarding its users’ assets. The hack initially caused a temporary disruption in trading activities on the platform as Bybit took immediate action to secure its systems and investigate the breach. The exchange collaborated with various security e…
Bybit Bounces Back: Kaiko Validates Fast Liquidity Recovery Post-$1.5B Hack - WorldNL Magazine
[PRESS RELEASE – Dubai, UAE, May 7th, 2025] In the aftermath of the largest hack in crypto history, Bybit has emerged as a case study in market resilience, transparency, and user trust. A new independent report by Kaiko, a leading provider of institutional-grade crypto market data, reveals that Bybit’s liquidity rebounded to pre-incident levels within just 30 days—a feat unmatched by industry peers following similar crises. On February 21, 2025,…
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