The cryptocurrency exchange Bybit, which just suffered a major security incident, is now launching a recovery bounty program. The team wants to give back 10% of the funds that anyone is able to recover, according to a press release shared with CryptoPotato. As reported previously, Bybit suffered a security breach, resulting in the theft of […]
Bybit Announces Recovery Bounty Program: 10% of Stolen Funds Read More »
Bybit CEO Ben Zhou confirmed in a Friday livestream that the $1.5 billion hack against his crypto exchange lost the firm the vast majority of its customers’ ETH holdings. “I believe it was around seventy percent,” Zhou told viewers when asked how much was lost relative to the company’s ETH assets under management. “We normally
ByBit Lost 70% Of Ethereum Holdings To Hacker, Says CEO Read More »
As the details around perhaps the largest hack in the cryptocurrency industry continue to unravel, BTC’s price has started to crash once again, falling by over four grand since today’s peak. With the altcoins in a similar state, it’s no wonder that the total value of liquidated positions has skyrocketed to over $600 million on
Bybit Hack Aftermath: Single Whale Liquidated for $46M as BTC Dumps by $4K Read More »
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
Bybit Bitcoin and USDT Holdings Surge According to 12th Proof of Reserves Report Read More »
[PRESS RELEASE – Dubai, United Arab Emirates, June 26th, 2024] Bybit, the world’s second-largest crypto exchange by trading volume, announces that Bybit Card brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash —
Bybit Card Brings Apple Pay to Customers Read More »
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
Bybit CEO Ben Zhou Denies Insolvency Rumors Read More »
[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:
