Dubai, Arab Emirates, February 27, 2025, Chain Wire
BYBIT, the world’s second largest cryptocurrency exchange in the world, has recently announced a significant progress in rebuilding asset restoration and trust after the security incident. BYBIT showed its dedication to transparency and elasticity, and quickly implemented recovery measures and enhanced security protocols to protect the global user community.
Major recovery milestones
- AUM recoveryBYBIT has successfully restored 77%of its assets according to management (AUM) to the pre -case level, emphasizing strong recovery strategies and continuous customer trust.
- Improved spot liquidityThis platform now provides excellent spot liquidity over the top 180 trading pairs, surpassing the industry benchmark and reflecting significant improvements in ideological conditions.
- Contract market elasticityThe recovery of contract transactions surpassed expectations, and the top two indexes surpassed the competitors, exceeding 86%of the normal level and 87%.
- Continuous transaction volumeBYBIT’s trading activities have exceeded $ 40 billion over the last two days, exceeding $ 6 billion in evidence of global user -based elasticity and trust.
Reinforcement of reserves
BYBIT coincides with the promise of transparency, complementing additional monthly verifications and proof of additional reserves. The result checks the entire collateral of all customer assets.
- BTC: 102%
- ETH: 102%
- SOL: 103%
- USDT: 104%
- Usde: 116%
- USDC: 229%
This figure emphasizes the financial stability of BYBIT and the promise to completely support customer assets.
“We took prompt and decisive measures to strengthen security measures and protect users. Our top priority is to maintain the highest level of transparency, elasticity and trust. ” Bybit co -founder and CEO Ben Zhou. “We are deeply grateful for the firm support of customers and partners who have played an important role in rapid recovery.”
#Bybit / #thecryptoark
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 strategically use major blockchain protocols to lead chain innovation. Bybit, famous for safe custody, various market places, intuitive user experiences 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.
For more information about BYBIT, please visit bybit Press.
For media inquiries: Media@bybit.com
For updates, follow BYBIT’s community and social media.
Contact
Public relations officer
Tony at
Bybit
tony.au@bybit.com
Bybit Restores Assets and Confidence Through Transparent Recovery Process