Catenaa, Thursday, March 06, 2025- Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced significant strides in restoring its assets and regaining customer trust after a recent security incident.
The platform has made major progress with a transparent recovery process, highlighting its commitment to resilience and security.
Bybit reported that 77% of its Assets Under Management (AUM) have been restored to pre-incident levels, demonstrating the effectiveness of its recovery strategy. Additionally, spot liquidity across the top 180 trading pairs now exceeds industry benchmarks, while the contract market has seen a remarkable recovery. The top two indices reached 86% of normal levels, and the top 70 exceeded 87%, surpassing expectations and outpacing competitors.
With continued strong trading activity, Bybit’s volumes have exceeded $40 billion in the last two days, underscoring the trust and confidence from its global user base. As part of its ongoing transparency efforts, Bybit has conducted an additional proof of reserves audit, confirming that client assets are fully collateralized. The audit results revealed the following collateralization figures: BTC 102%, ETH 102%, SOL 103%, USDT 104%, USDE 116%, and USDC 229%.
Bybit’s swift recovery and strengthened security protocols have reinforced its reputation as a reliable platform in the crypto market.
