{"id":152023,"date":"2025-02-26T12:01:38","date_gmt":"2025-02-26T10:01:38","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=152023"},"modified":"2025-02-26T12:01:38","modified_gmt":"2025-02-26T10:01:38","slug":"bybit-fully-recovers-from-1-5-billion-hack-restores-asset-backing-and-withdrawal-services","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bybit-fully-recovers-from-1-5-billion-hack-restores-asset-backing-and-withdrawal-services\/","title":{"rendered":"Bybit Fully Recovers from $1.5 Billion Hack, Restores Asset Backing and Withdrawal Services"},"content":{"rendered":"
Zhou confirmed<\/a><\/strong> that the company has reinstated a 1:1 backing of all customer assets following the unprecedented hack.<\/p>\n These statements were supported by a proof-of-reserves audit<\/a><\/strong> conducted by blockchain security firm Hacken on February 23, 2025. The report confirmed that Bybit now holds more than 100% of the reserves needed to cover its liabilities, enhancing user and stakeholder trust.<\/p>\n The CEO explained that the hackers exploited an ETH transfer between Bybit\u2019s cold and warm wallets. Blockchain investigator ZachXBT traced the hack back to the Lazarus Group, a notorious North Korean hacking organization.<\/p>\n