The Bybit Exchange recovered its liquidity at pre-hack levels just 30 days following the February 2025 attack that dried nearly $ 1.5 billion in funds.
According to a Report From Crypto Research and Analytics Firm Kaiko, Bitcoin’s (Btc) 1% market depth, a measure of liquidity, back to pre-hack levels of nearly $ 13 million per day in March 2025.
Altcoin’s liquidity levels in the exchange are slower to recover than Bitcoin but do rebound at about 80% of pre-hack levels. Those with -the Kaiko report added:
“This lag is mainly due to the environmental environment of the risk-off market, which is more affecting altcoins. While Bitcoin is still seen as a dangerous property, it remains a safe shelter of the crypto market.”
In general, exchange trading volumes remain in recovery; However, the report record that this collapse reflects the greater market trend in response to Continuous uncertainty of macroeconomic with Rattled Risk Asset Market and not an impact of Biggest hack in crypto history.
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The response of Bybit’s incident
The Bybit Exchange is that -hack Through cybercriminals on February 21, 2025, resulting in $ 1.5 billion in stolen funds. A Post-mortem update revealed a compromised device from a SafeWallet developer, the firm responsible for the multi-signature wallet custody solution used by the exchange, as the cause of the hack.
Bybit continues to turn backwards During the incident, users are allowed to access and pull their funds with minimal delay during the crisis.
Ben Zhou, The CEO of Bybitassured that investor is The exchange is solvent And it was said that the company’s reserves could cover the deficiency if stolen funds were recovered.
Zhou replied Crypto industry combined Behind the Bybit, along with many competitors providing loans on the exchange bridge, technical assistance, and freezing of stolen funds in their protocols.
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