Bybit Bounces Back: 77% AUM Recovery, Enhanced Liquidity, and Full Collateralization

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has made significant strides in restoring assets and rebuilding trust following a recent security incident. Demonstrating its commitment to transparency and resilience, Bybit has swiftly implemented recovery measures and enhanced security protocols to protect its global user community.

Key Recovery Milestones:

• AUM Recovery: Bybit has successfully restored 77% of its Assets Under Management (AUM) to pre-incident levels, underscoring its robust recovery strategy and sustained client confidence.
• Enhanced Spot Liquidity: The platform now offers superior spot liquidity across the top 180 trading pairs, surpassing industry benchmarks and reflecting substantial improvements from pre-incident conditions.
• Contract Market Resilience: The recovery of contract trading has outpaced expectations, with the top two indices reaching approximately 86% of normal levels and the top 70 exceeding 87%, outperforming competitors.
• Sustained Trading Volume: Bybit’s trading activity remains strong, with volumes exceeding $40 billion in the past two days, a testament to the resilience and trust of its global user base.

Strengthened Proof of Reserves:

In alignment with its commitment to transparency, Bybit has conducted an additional proof of reserves audit, supplementing its regular monthly verifications. The results confirm full collateralization of all client assets:

• BTC: 102%
• ETH: 102%
• SOL: 103%
• USDT: 104%
• USDE: 116%
• USDC: 229%

These figures underscore Bybit’s financial stability and its commitment to ensuring client assets remain fully backed at all times.

“We have taken swift and decisive actions to reinforce our security measures and protect our users. Our top priority is to maintain the highest standards of transparency, resilience, and trust,” said Ben Zhou, Co-founder and CEO of Bybit. “We deeply appreciate the unwavering support from our clients and partners, which has been instrumental in our rapid recovery.”