Cryptopolitan (RSS Feed) on Nostr: Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal ...

Ben Zhou, CEO: Bybit is solvent, will cover all claims despite a growing withdrawal queue

Bybit will repay all users, though some of the lost Ethereum (ETH) may be secured via a bridge loan for short-term claims. The exchange has enough reserves to compensate all users in kind, and is working through the withdrawal queue.

https://www.cryptopolitan.com/ben-zhou-ceo-bybit-is-solvent-will-cover-all-claims-despite-a-growing-withdrawal-queue/