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Bybit CEO Ben announced that the exchange has fully covered the ETH shortfall. A newly audited Proof of Reserves report will be released soon, demonstrating that Bybit is once again maintaining a 100% 1:1 backing of client assets through a Merkle tree. On-chain data indicates that Bybit has acquired over 400,000 ETH through OTC purchases and loans.

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Over 400,000 ETH grabbed OTC and via loans Bybit’s making it right!"

If a picture is worth a thousand words, what’s a talking picture worth?

Bybit’s back on track with 400k+ ETH secured
Proof of Reserves dropping soon

La vérité vaut bien qu’on passe quelques années sans la trouver

Better to do the job, of course, in my opinion.

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Big move by Bybit’s CEO Ben—ETH shortfall covered, full 1:1 backing restored!

It looks like Bybit is working hard to restore trust and transparency after the shortfall with their ETH holdings.

These numbers are large and coincidentally, this topic is strange