Bybit’s Ethereum Reserves Begin to Recover Following the Hack

Bybits-Ethereum-Reserves-Begin-to-Recover-Following-the-Hack

Nearly 48 hours have passed since the unfortunate Ethereum theft on Bybit, and we are now seeing early signs of recovery in ETH reserves.

February 21, 2025 – 13:00 UTC

Before the hack: Bybit held 443,691 ETH in reserves.
One hour after the incident: Reserves plummeted to just 39,692 ETH.

February 23, 2025 – 08:00 UTC

Bybit’s Ethereum reserves have now surpassed 200,000 ETH, showing a steady rebound.

Ethereum Netflow Also Shows Signs of Recovery.

Examining Ethereum Netflow data, we observe similar recovery patterns, reinforcing the idea that Bybit is actively replenishing its ETH reserves to meet demand.

Both metrics suggest that Bybit is working to restore its Ethereum holdings back to their natural levels.