Bybit Regains Full Ether Reserves

Bybit Restores 1:1 Client Asset Backing

Bybit has successfully reinstated a 1:1 backing of client holdings after resolving a significant "ether gap" caused by an enormous $1.4 billion incident that occurred last Friday.

In the past 48 hours, the exchange has managed to obtain 446,870 ETH. This amount, valued at $1.23 billion at current market rates, was secured through loans, sizeable deposits, and direct purchases of ether, according to a report shared by Lookonchain via an X platform post on Monday.