The Chief Executive of Bybit says that the company has now completely closed the Ethereum gorge after hackers stolen almost $ 1.5 billion in ETH and Lido Staked Ether (Steth) of the Crypto exchange last week.
Bybit CEO Ben Zhou out The exchange has restored a back of 1: 1 to all client assets after the record hack.
Zhou’s claims are reflected in one Proof-of-Reserves Audit report Published by the blockchain Security Auditor Hacking on Sunday.
“The proof of the Hacken-Team Reserve Audit, performed on Sunday, February 23, 2025, shows that Bybit maintains a reserve ratio in the scoop of> 100 %. This finding means that Bybit has sufficient reserves to cover its liabilities in the scoop, thereby strengthening trust and trust with its users and stakeholders. “
The Bybit CEO said that hackers manipulated an ETH transfer between one of the cold portfolios of the exchange and warm portfolios. Pseudonym in the Zachxbt chain linked The exploit for the Lazarus group, a notorious North Korean cyber criminal outfit.
The exchange -based exchange announced A complete recovery of services on Sunday despite a record level of recording questions after the hack.
“Bybit has successfully processed the highest number of withdrawal requests in our history. Within the first 10 hours of the incident we have processed more than 350,000 withdrawal requests, which completed 99.9% of them at 1:45 am UTC. From now on all recordings in all tokens are fully operational, where our systems work smoothly and processing without delays. In total, more than 580,000 withdrawal requests are successfully completed. “
Bybit also launched a Recovery Bounty program to restore the stolen funds, by 10% of the amount raised.
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