The Bybit exchange has successfully restored its liquidity to pre-hack levels within just 30 days after the February 2025 cyberattack that resulted in the loss of nearly $1.5 billion. A recent report by crypto research firm Kaiko indicates that Bitcoin’s liquidity, measured by its 1% market depth, has returned to approximately $13 million per day in March 2025. While altcoin liquidity on the exchange has been slower to recover, it has reached around 80% of its pre-hack levels. The Kaiko report suggests that the drop in trading volumes is not solely due to the hack but is also influenced by broader market uncertainties. Bybit’s CEO, Ben Zhou, assured investors of the exchange’s solvency and received support from the crypto industry, with competitors offering assistance and freezing the stolen funds on their platforms.
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Bitcoin Awakening