Information Technology
Fully Backed Within 72 hours: Bybit Maintains 1:1 Customer Assets Ratio in Latest Proof of Reserves Audited Report by Hacken
"Bybit fully backs all customer assets entrusted to our platform, maintaining a dynamic ratio of over 1:1," said . "We are fortunate to have all-weather friends in a cut-throat industry—our peers and even competitors stood with us during challenging times, and our customers deserve the same level of commitment," he added.
"Bybit's focus on transparency through regular Proof of Reserves audits and independent assessments sets a strong standard within the industry. We appreciate being part of this important initiative during this critical period," said
As of Feb. 24 , Bybit fully closed the ETH gap of client assets within 72 hours. This was achieved through strategic partnerships with firms like and , along with support from and , who helped Bybit replenish the reserves in record time. The rapid execution of these funding strategies underscores Bybit's robust industry relationships and its capability to maintain platform stability during challenging times, reflecting the industry's shared vision of a new era of reliable financial system.
By prioritizing independent verification and comprehensive audits, Bybit reinforces its commitment to user trust and transparency. The exchange regularly reviews best practices, emergency responses, and security infrastructure to meet the rising challenges and demands in the digital asset industry.
https://www.bybit.com/app/user/audit-report
#Bybit / #TheCryptoArk / #ProofofReserves / #PoR
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
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo - https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/fully-backed-within-72-hours-bybit-maintains-11-customer-assets-ratio-in-latest-proof-of-reserves-audited-report-by-hacken-302383417.html