PANews reported on February 22 that Hacken, the Web3 auditing agency that Bybit cooperates with, released a proof of reserve update, saying that today's hacker attack was huge and 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 backed. This means that Bybit has enough reserves to cover all user assets, solvency remains unchanged, and security and transparency remain top priorities.

Bybit CEO Ben then responded that Hacken had audited our finances, which could prove that we could use our own finances to compensate our customers’ losses.