Bybit Upholds Strong Reserves Amidst $1.4 Billion Hack and $5.3 Billion Decline in Total Assets: Hacken

Description

Bybit has demonstrated financial resilience despite suffering a massive $1.4 billion hack and witnessing a $5.3 billion drop in total assets, according to data from DefiLlama . The Feb. 21 attack, now the largest crypto theft in history, involved the theft of liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and various ERC-20 tokens. Bybit’s Reserves Remain Greater Than its Liabilities Despite the significant loss, Bybit’s independent Proof-of-Reserve (PoR) auditor, Hacken, confirmed the e...