Bybit

Bybit Bitcoin and USDT Holdings Surge According to 12th Proof of Reserves Report

Bybit Bitcoin and USDT Holdings Surge According to 12th Proof of Reserves Report

Leave a Comment / Bitcoin, Bybit /

Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held […]

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Bybit CEO Ben Zhou Denies Insolvency Rumors

Bybit CEO Ben Zhou Denies Insolvency Rumors

Leave a Comment / Bybit, Denies /

Ben Zhou, CEO of cryptocurrency exchange Bybit, has addressed circulating rumors about the platform’s hacking and insolvency. He denied all insolvency rumors and shared evidence of Bybit’s financial holdings and crypto assets. Bybit CEO Shares Proof-of-Reserves In a May 23 X post, Zhou denied the allegations, asserting that they have no factual basis. “None of

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Transparency at Its Peak: Bybit Releases Full Proof-of-Reserves, Reinforcing Market Trust

Transparency at Its Peak: Bybit Releases Full Proof-of-Reserves, Reinforcing Market Trust

Leave a Comment / Bybit, Transparency /

[PRESS RELEASE – Dubai, United Arab Emirates, May 10th, 2024] Bybit, one of the world’s top three crypto exchanges by volume, has once again underscored its dedication to transparency and trustworthiness by releasing its proof-of-reserves audit, which includes 40 cryptocurrencies, the most comprehensive in the sector. The cryptos covered and all backed over 100% are:

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