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February 24, 2025 05:32:12 UTC
Bybit Bounces Back: Fully Secured Client Funds with 400K+ ETH
Bybit CEO Ben announced that the company has completely closed its ETH gap. A new audited Proof of Reserves report is on its way, confirming that client funds are now fully backed 1:1 using a merkle tree. On-chain data also shows that Bybit has secured over 400,000 ETH through OTC purchases and loans.
