menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Bybit Reco...
source image

TronWeekly

1M

read

360

img
dot

Image Credit: TronWeekly

Bybit Recovers $1.4B in Stolen Etherum and Proves Full Reserves

  • Bybit has recovered $1.4 billion in stolen ETH after a cyberattack, demonstrating its financial stability.
  • The recovery was made through loans, OTC deals, whale deposits, and exchange purchases.
  • Despite the hack, Bybit maintains $10.9 billion in total assets, reinforcing investor confidence.
  • Bybit will soon publish an audited proof-of-reserves report to provide transparency on client assets and ensure funds are backed 1:1.

Read Full Article

like

21 Likes

For uninterrupted reading, download the app