February 24, 2025 05:32:12 UTC
Bybit Bounces Back: Fully Secured Client Funds with 400K+ ETH
Bybit CEO Ben announced that the company has completely closed its ETH gap. A new audited Proof of Reserves report is on its way, confirming that client funds are now fully backed 1:1 using a merkle tree. On-chain data also shows that Bybit has secured over 400,000 ETH through OTC purchases and loans.
Source: https://coinpedia.org/news/crypto-crash-today-feb-24th-bitcoin-xrp-news-live-pi-network-price-bybit-hack-update/