Bybit Recovers Stolen Ethereum Stocks
The CEO of crypto exchange Bybit said the platform has replenished its Ether reserves stolen by hackers during the February 21 attack.
Ben Zhou assured that the coverage ratio is 100% and a detailed report on reserves, Proof of Reserves, will be released soon:
“Bybit has completely closed the Ethereum coverage gap. A new reserve report will be published very soon. It will clearly show that we are back to 100% coverage ratio and user deposits are backed 1:1. Stay tuned.”
The businessman commented on the statement of analysts from Lookonchain, who reported that the exchange received $1.23 billion worth of ETH through deposits, loans, and direct purchases. 157,660 ETH were purchased through over-the-counter transactions, and another 109,033 ETH were purchased directly through centralized and decentralized platforms, the experts said.
Earlier, the Bitget cryptocurrency exchange transferred 40,000 ETH worth $105 million to the Bybit exchange, which lost 400,000 ETH worth $1.4 billion due to a hacker attack.
Источник: cryptocurrency.tech
