Hacken, a Web3 audit agency that Bybit cooperates with, released an update on the proof of reserve, saying, “Today’s hacker attack was massive and dealt a heavy blow to the industry. But Bybit’s reserves still exceed its liabilities. As its independent Proof of Reserve (PoR) auditor, we have confirmed that user funds are still fully supported.
This means Bybit has sufficient reserves to cover all user assets, solvency remains intact, and security and transparency remain top priorities. "
Bybit CEO Ben then responded, “Hacken has audited our finances, which can prove that we can use our own finances to make up for our customers’ losses.”