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Bybit Recovers from $1.46 Billion Hack, Hits Record Asset Levels

The cryptocurrency exchange restored Bitcoin liquidity within 30 days after the February breach, later achieving its highest-ever asset value.

BTC

Summary

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Terms & Concepts
  • Liquidity: The ease with which assets can be bought or sold in the market without affecting the price.
  • Cryptocurrency Exchange: An online platform where users can buy, sell, and trade digital assets like Bitcoin.
  • Security Breach: An incident that results in unauthorized access to data, systems, or funds.