Bybit's latest financial audit proves that it has sufficient reserves to cover user assets

PANews reported on February 22 that Bybit's partner Web3 audit agency Hacken released a certificate of reserve update saying that today's hacker attacks are huge in scale and have dealt a heavy blow to the industry. But Bybit's reserves still exceed its liabilities. As its independent PoR auditor, we have confirmed that user funds are still fully supported. This means Bybit has enough reserves to cover all user assets, solvency remains the same, and security and transparency remain top priorities.

Bybit CEO Ben then replied that Hacken conducted an audit of our finances, which can prove that we can use our finances to compensate our customers’ losses.