<ul><li>Bybit has fully restored its Ethereum (ETH) reserve to 1:1 on client assets after a recent hack caused a significant drop in reserves.</li><li>The hack resulted in the theft of almost $1.4 billion in ETH from Bybit, with the exchange's ETH reserve declining from 443,691 ETH to 63,807 ETH.</li><li>Bybit responded by purchasing around 54,393 ETH to replenish its reserves, and has also received substantial support from various exchanges and made acquisitions through loans and purchases.</li><li>Despite the hack, the overall impact on the price of ETH was minimal, and the asset still has a chance of reaching $6k depending on regulatory changes and macroeconomic factors.</li></ul>

Bybit Swiftly Restores Dwindling Ethereum Reserve with $1.23B in ETH After $1.4 Billion Theft

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