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ARK Token is the official cryptocurrency of Arkania Media, enabling seamless transactions, community rewards, and marketplace utility within its crypto-focused ecosystem.
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Crypto exchange fully restores reserves as proof-of-reserve audit nears release
Bybit CEO Ben Zhou has confirmed that the cryptocurrency exchange has fully replaced the $1.4 billion worth of Ether (ETH) stolen in the largest crypto hack to date.
In a Feb. 24 post on X, Zhou announced that Bybit’s client assets are now back at a 1:1 ratio, with a new audited proof-of-reserve report set to be published soon using a Merkle tree verification system.
The announcement comes just days after blockchain analytics firm Lookonchain reported that Bybit had received approximately 446,870 ETH—worth $1.23 billion—through a combination of loans, whale deposits, and direct purchases.
How Bybit…
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NEWS
Hong Kong Greenlights Crypto for Residency: Bitcoin and Ethereum Now Accepted as Proof of Assets
8 February 2025
NEWS
Bitcoin Briefly Breaks $100K Barrier on Mixed Job Data Before Retreating
8 February 2025
NEWS
BlackRock Becomes a Major Ethereum Whale with $3.5 Billion Stake
3 January 2025
NEWS
Litecoin Sees Significant Growth in Daily Active Addresses in 2024
24 December 2024
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