Despite experiencing historic hacks worth over $1.4 billion in late February, Bybit made a stunning comeback in March, leading all influx exchanges ahead of Binance and MEXC. The data reflects Bybit’s rapid and strategic action to protect its users, which helps stabilize the platform and restore user trust.
Bybit has an incredible recovery in just 1 month
Bybit quickly recovered after a hack in February, witnessed a $3.7 billion inflow in March. BYBIT is also the highest of all centralized communications (CEXs), with Binary and MEXC ranking second and third respectively. This shows that the confidence and activity of the client is rewarded greatly after the fact.
Source: Defillama
In addition, one month later, Bybit acquired $15.245B of assets. This is the smallest decline compared to last month, but remains a positive sign amid the downturn in the crypto market as a whole.
Bybit’s length ratio is also high in the top three, 47.45% long and short at 52.55%. This close-up split suggests that Bybit maintains a strong trading environment in which neither longer nor shorts dominate, reducing the risk of sudden, manipulative liquidation.
Unlike other well-known exchanges, known for their sudden “future murder” events (leverage positions are eliminated due to sharp artificial price fluctuations), bybit’s stable proportions and liquidity ensure liquidity in market dynamics. This promotes trust and minimizes the chances of such a disruptive strategy.
Source: Xiaodian
5 reasons why bybit runs outperform
Quick and transparent response
After more than $1.4 billion in the theft in Ethereum was stolen after the February 21, 2025 hack, Ben Zhou, CEO of Bybit, spoke quickly to the community through live streams and public statements. He clarified that only one cold wallet was damaged and reassured users of the platform’s solvency, which helped alleviate panic and rebuild trust. This transparency is likely to continue until March, with regular updates to security enhancements and funding recovery efforts.
By keeping open communication, BYBIT’s goal is to reassure users and encourage them to stay active on the platform rather than giving up on it because of distrust.
Bybit Hack Forensics Report
As promised, the following are preliminary reports about the hacker @sygnia_labs and @verichains
The screen records the conclusion, here is the link to the full report: https://t.co/3HCQKXLN5U pic.twitter.com/tlzk2b3jiw– Ben Zhou (@Benbybit) February 26, 2025
Crisis Management and User Focus
Bybit effectively handled over 580,000 withdrawal requests, resuming normal withdrawal operations within 12 hours of the hack. They also offer a 10% reward (up to $140 million) to result in asset recovery. These proactive steps demonstrate their commitment to users, help stabilize the platform and encourage the restoration of trust by March.
Learn more: Bybit Hack Update: Repurchase ETH to cover 100% of customer assets
Strong liquidity management
Despite the massive withdrawal of more than $5.5 billion from users’ postal procurement, Bybit still maintains sufficient reserves to keep liquid. An audit of Hacken and Defilama data confirmed that the initial asset base dropped from $16.9 billion to $11.2 billion, but is still strong enough to handle the crisis without crashing.
In addition, Bybit quickly provided more than $4 billion in emergency fundraising through more than $4 billion of partners within a few days after the hack.
In March, they may have used this restored liquidity to provide promotional incentives such as reducing transaction fees, deposit bonuses or deposit bonuses to attract users to return. These privileges will indicate financial stability during the recovery phase and reward user loyalty.
Strengthen safety measures as selling points
Bybit Post-Hack works with blockchain analytics companies and implements stricter security protocols. In March, they may promote these upgrades to users, emphasizing a safer trading environment. Emphasizing improved cold wallet protection or real-time fraud detection may reassure users and encourage them to resume transactions without fear of further violations.
Community engagement and recovery campaigns
Bybit has launched a 10% bounty program (up to $140 million) to recover stolen funds, thus summoning the crypto community.
They have also launched hundreds of trading campaigns for loyal and new users, aiming to restore them to the exchange. Inducing users to participate in the recovery process as active participants may promote loyalty and enable them to invest in the platform.
