Dubai, UAE, February 24, 2025 / Prnewswire / – BybitThe world’s second largest cryptocurrency exchange has completed a new round of audit. February 23, 2025 The main cyber security company chop. Independent other reports are posted after the level of BYBIT restoration reserve. 1: 1 The ratio of digital assets in scope Within Friday, February 21, within 72 hours after major incidents occurred.
The complete audit of all relevant wallets, including 40 asset types, confirmed that BYBIT has enough reserves to cover 1: 1 user assets. Major assets, including BTC, ETH, SOL, USDT and USDC, exceed the 100% collateral ratio of BYBIT. BYBIT reaffirms the devotion to fiscal boundaries and customer protection in all situations while maintaining high levels of transparency and prudence.
“BYBIT completely supports all customer assets left to our platform and maintains a dynamic ratio of more than 1: 1.” BYBIT co -founder and CEO Ben Zhou. “We were lucky to have all -weather friends in the constant industry. Our colleagues and even competitors were with us in difficult time, and our customers are eligible to be devoted to the same level.”
The main highlights of BYBIT’s 19th PER Thanksgiving:
- Comprehensive audit process: Hacken performed a wide range of audits of BYBIT’s debt and used Merkle Tree to confirm the integrity of the reported assets.
- Check the user address: Hacken obtained information from BYBIT Management, which confirmed the anticipated blockchain transaction to confirm all the public key addresses and control and ownership with internal assets.
- Strict verification procedureThe effective test process includes a thorough review using the official Merkle Evidence Verification method, ensuring the accuracy of the reported debt.
“BYBIT’s focus on transparency through regular reserve audits and independent evaluation sets strong standards in the industry. We are grateful to be part of this important initiative for this important period. ” YEVHENIIIA Broshean, Hacken co -founder and CBDO.
As of February 24, BYBIT has completely closed the difference between the ETH of customer assets within 72 hours. This was achieved through a strategic partnership with the same company Galaxy Digital, Falconx, and WintermuteWith support Bitget, MEXC and DWF laboratoryHelping BYBIT supplemented the reserves at a record time. The fast execution of this funding strategy emphasizes the ability to maintain platform stability in the strong industry relationship and challenging time, reflecting the industry’s shared vision for a new era of trusted financial systems.
BYBIT strengthens the promise of user trust and transparency by prioritizing independent verification and comprehensive audit. Exchange regularly reviews exemplary cases, emergency response and security infrastructure to meet the increasing tasks and demands of the digital asset industry.
BYBIT proof of reserves: https://www.bybit.com/app/user/audit-rport
#Bybit / #ThecroFeserves / #Por
About Bybit
BYBIT is the world’s second largest cryptocurrency exchange, providing services to the global community of more than 60 million users. Founded in 2018, BYBIT is a simple, open and equal ecosystem for everyone to redefine openness in the distributed world. BYBIT Partners focuses on Web3 to provide strong infrastructure and use major blockchain protocols to provide powerful infrastructure and lead chain innovation. Bybit, famous for safe custody, various market places, intuitive user experience and advanced blockchain tools, solves the gap between Tradfi and Defi and enhances Builder, Creators and Apnusiasts to exert all the potential of Web3. Discover the future of distributed finance on bybit.com.
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