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@ Layer3.news
2025-02-24 09:47:29
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BYBIT CLOSES ETHEREUM DEFICIT WITH $1.23 BILLION POST-HACK PURCHASE: CEO
https://cdn.decrypt.co/wp-content/uploads/2023/05/bybit-gID_7.jpg
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✍️ Bybit CEO Ben Zhou announced that the crypto exchange has nearly closed its $1.4 billion Ethereum deficit caused by a recent hack.
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👉 Bybit has acquired 446,870 ETH worth approximately $1.23 billion to replenish its reserves.
👉 The exchange has nearly closed its $1.4 billion Ethereum deficit caused by a recent hack.
👉 Bybit has released a new proof-of-reserves report to demonstrate its restored client assets with a 1:1 backing using Merkle tree.
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#BenZhou #technology
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