May 7, 2025 – Dubai, United Arab Emirates
After the largest hack in crypto history, Bybit emerged as a study in the case of market stability, transparency and user trust.
A new independent report of KaikoA leading provider of institutional-grade crypto market data, has announced that BYBIT's liquidity has rebuked pre-incident levels in just 30 days A feat that is not compatible with the peers of the industry following similar crises.
On February 21, 2025, BYBIT was the target of a coordinated cyberattack resulting in $ 1.5 billion in unauthorized withdrawal.
As the incident sent shockwaves through the global crypto ecosystem, the rapid response of bybit and stable infrastructure ensured the trade remained uninterrupted.
In the weeks that followed, the liquidity of the platform, the depth of the trade and the user's confidence fell with a remarkable speed.
A 30-day turnaround led by the change of market structure
According to Kaiko's review, Bitcoin Liquidity of Bybit measured by the depth of a percentage depth Up to an average of $ 13 million per day at the end of Q1 2025, which corresponds to pre-hack levels.
Sarley is recovered from all the book's order tiers, from 0.1% to eight percent of mid -price, emphasizing the institutional's deep participation.
A major contributor to this recovery is the timely launch of RPI (Price Price Improvement) Orders on February 20 Just a day before the attack.
These orders, exclusively to manu -trader traders at the Bybit interface and are not accessible by API, are placed by institutional market manufacturers to enhance pricing conditions for retail participants.
In the volatile post-incident, RPI orders have helped strengthen the trade, tighten the spread and protect manual users from predatory algorithmic behavior.
The strength of the Altcoin market and narrowly spread
The recovery of liquidity is not limited to Bitcoin. More than 80% of the depth of the pre-hack market for the top 30 altcoins through the market cap was restored in March.
Spreads to the main tokens including high-volatility assets such as Doge and XRP Tight tightly, indicating improved implementation costs and updated confidence in the market manufacturer.
Bid-ask spread volatility A key indicator of stress in the market Also refused throughout March, the signing of improved order book stability and increased participation from liquidity providers.
Volumes heal faster than previous crises
While the broader sentiment in the market remained cautious amid the uncertainty of macroeconomic, the Bybit's trade volumes were re -rebounded than after comparable shocks such as the 2016 Bitfinex Hack or the 2023 Binance.us sec Case.
Kaiko's data shows that the time of the Bybit trading has brought up to $ 1.2 billion immediately following the incident.
Although volumes are submerged in the line of trends over the weekend, since they were to be normalized and began to climb continuously -in Highlighting the strong maintenance of the user and a growing sense of confidence in the Bybit market.
Transparency as a differentiator
One of the standout takeaways from the Kaiko report is bybit transparency throughout the recovery process.
While other platforms in similar situations suffered prolonged destruction of liquidity, open communication bybit and proactive market structures have helped regain confidence and stabilize conditions faster than industry standards.
As the crypto market lasts, exchanges are increasingly measured not only by performance during booms but by how they respond to poverty.
BYBIT's rapid liquidity has been bouncing and promising a centric user change has set a new benchmark for operational operations in the industry.
#Bybit / #TheCrypToark
About bybit
Bybit The second largest largest cryptocurrency exchange in the world by trading volume, serving a global community of over 60 million users.
Established in 2018, Bybit will redefine openness in the decentralized world by creating a simpler, open and equal ecosystem for all.
With a strong web focus, the Bybit partners are strategically with the leading blockchain protocols to provide stable infrastructure and drive on-chain change.
Known for safely careful, diverse markets, intuitive user experiences and advanced blockchain tools, bybit will bridge the gap between Tradfi and Defi, which empowers builders, creators and lovers to unlock the full potential of web 3.0.
Discover Defi's future (Decentralized Finance) to Bybit.com.
For more details about bybit, please visit Bybit press.
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Tony Au, head of PR for bybit
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