Bybit has fully restored Ethereum reserves!

Bybit CEO reported that the exchange has fully reimbursed the assets lost as a result of the hack. Bybit bought back 266,700 ETH for $742 million via OTC, and raised the rest of the coins through partners.

https://x.com/benbybit/status/1893865556840775758

Ben showed a real master class on how to behave in a crisis situation. He did not close the withdrawal, went live to people, ensured maximum transparency. User safety and trust are a priority for Bybit.

Since being hacked, #Bybit has received ~446,870 $ETH($1.23B) through loans, whale deposits, and ETH purchases.

#Bybit has nearly closed the gap. https://t.co/0oz3ytLi4X

Latest Update: Bybit has already fully closed the ETH gap, new audited POR report will be published very soon to show that Bybit is again Back to 100% 1:1 on client assets through merkle tree, Stay tuned.