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Crypto exchange Bybit says it fully replenished reserves after record $1.5 billion hack

Summary by CNBC
Bybit said it recovered nearly 447,000 ether tokens, replenishing its reserves through a mix of emergency loans and whale deposits.

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CNBCCNBC

Crypto exchange Bybit says it fully replenished reserves after record $1.5 billion hack

Bybit said it recovered nearly 447,000 ether tokens, replenishing its reserves through a mix of emergency loans and whale deposits.

·United States
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The Daily HodlThe Daily Hodl

Crypto Exchange Bybit Fully Closes Ethereum Gap, According to Updated Proof of Reserves Report - The Daily Hodl

Bybit’s chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ETH and Lido Staked Ether (stETH) from the crypto exchange last week. Bybit CEO Ben Zhou says the exchange has restored a 1:1 backing on all client assets after the record-setting hack. Zhou’s claims are echoed in a proof-of-reserves audit report published by the blockchain security auditor Hacken on Sunday. “The Hacken te…

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Coin MetricsCoin Metrics

Bybit Burglarized For a Billion

In this issue of Coin Metrics’ State of the Network, we turn our attention to the Bybit exchange hack, utilizing on-chain data to analyze exchange reserves, fund flows and contextualize its market impact. Key Takeaways:  Bybit, a prominent crypto exchange, fell victim to the largest hack in crypto history, draining $1.5B in ETH from its cold wallet. While hackers remain in possession of stolen assets, dispersing 401,346 ETH across multiple acco…

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Bitcoin Ethereum NewsBitcoin Ethereum News

Bybit "Fine" Despite Reserve Drop

The post Bybit “Fine” Despite Reserve Drop appeared on BitcoinEthereumNews.com. Ki Young Ju urges calm after Bybit’s reserves drop following a $1.5 billion hack. Bybit has secured 446,870 ETH through loans, whale deposits, and purchases. CEO Ben Zhou announces an upcoming proof of reserves report to confirm full asset backing. CryptoQuant CEO Ki Young Ju has urged the crypto community to stop spreading FUD about the Bybit exchange after a sharp …

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Bitcoin InsiderBitcoin Insider

Bybit Restores Reserves After Hack: Secures 447,000 Ether Through Emergency Funding

Crypto exchange Bybit has recently announced that it has replenished its reserves following its staggering $1.5 billion hack, marking the largest breach in the history of the cryptocurrency industry.  According to a report by CNBC, the exchange managed to piece together “hundreds of thousands” of Ethereum (ETH) in less than 72 hours, utilizing a combination […]

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Fintech SingaporeFintech Singapore

Bybit Reports Asset Reserves Restored After US$1.4 Billion Theft - Fintech Singapore

Cryptocurrency exchange Bybit has released an audited report indicating it has restored a 1:1 ratio of customer assets following a recent incident. The audit, conducted by cybersecurity firm Hacken and released on 23 February 2025, reportedly verified that Bybit possesses sufficient reserves to cover all user assets across 40 different asset types, including major cryptocurrencies like Bitcoin, Ethereum, Solana, USDT, and USDC. According to the …

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coincodex.com broke the news in on Monday, February 24, 2025.
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