Dubai, United Arab Emirates, February 27th, 2025, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced significant progress 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.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
Middlesex, United Kingdom, May 19th, 2025, Chainwire
ZA Miner, a cloud-based cryptocurrency mining platform operated by FCA-regulated entity ZA Fundings Ltd, has announced the launch of updated infrastructure and contract offerings designed to streamline access to digital asset mining. These updates are intended to lower entry barriers for individual users through automated, short-duration contract models.
Platform Overview
ZA Miner enables remote participation in cryptocurrency mining without...
Tel Aviv, Israel, May 19th, 2025, GamingWire
LINEUP Games, formerly known as UNKJD, has officially transitioned into a multi-platform, multi-chain gaming ecosystem following a pivotal year of development and strategic partnerships. What began as a single mobile soccer game has now evolved into a comprehensive Web2 and Web3-integrated platform designed to support over 100 million players globally.
The company's rebranding to LINEUP Games reflects its broader mission: to unify the gaming experien...
Vilnius, Lithuania, May 19th, 2025, Chainwire
Ukrainian Max Hamaha claimed the title in a dramatic comeback, with his name lighting up the LED boards during El Clásico as the world watched.
WhiteBIT, Europe’s largest cryptocurrency exchange by traffic and an official cryptocurrency partner of FC Barcelona, successfully hosted the first-ever International Crypto Trading Cup (ICTC 2025) on May 9-10. This global live-streamed tournament marked a significant step toward establishing crypto trading...