Bybit recovers liquidity levels 30 days after hack — Kaiko
Bybit exchange has restored its liquidity to pre-hack levels within 30 days after a February 2025 attack that resulted in the theft of nearly $1.5 billion. Bitcoin's market depth returned to approximately $13 million per day, while altcoin liquidity has reached about 80% of pre-hack levels, hindered by a risk-off market environment. Overall trading volumes are recovering but reflect broader market trends rather than the hack's impact. The hack was traced to a compromised device from SafeWallet, the multi-signature wallet provider. Bybit maintained open withdrawals during the incident, allowing users to access their funds. CEO Ben Zhou assured investors of the exchange's solvency and received support from competitors through loans and technical assistance.
