Bybit Hack, clouds higher $ 5.3 billion, but “precautions go beyond obligations” – Hakin
Bybit assets fell by more than $ 5 billion after penetrating $ 1.4 billion on February 21, but independent audits confirm their reserves still exceed the obligations, ensuring full support for user boxes.
February 22 update, 1:45 pm UTC: This article was updated to include a statement from the CEO of bybit Ben Zhou.
Cryptocurrency Exchange bybit has maintained reserves that exceed its obligations, despite being exposed to a penetration of $ 1.4 billion and a total decrease of $ 5.3 billion in total assets, according to Devillama data.
The penetration on February 21 is the largest encryption theft in history, as attackers steal more than $ 1.4 billion of ether liquid (STTH), Mantle Staked Eth (Meth) and other ERC-20 symbols.
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