Bybit, the second-largest cryptocurrency exchange by trading volume globally, has successfully restored its liquidity to pre-hack levels within just 30 days following an attack in February 2025 that resulted in nearly $1.5 billion in stolen funds. According to a report from crypto research firm Kaiko, Bitcoin's market depth returned to approximately $13 million per day by March 2025, indicating a strong recovery in liquidity. However, altcoin liquidity has shown a slower rebound, reaching about 80% of pre-hack levels. This lag has been attributed to a risk-off environment in the market, adversely affecting altcoins more than Bitcoin, which continues to be perceived as a safer asset within the crypto market. While overall trading volumes on the exchange are still recovering in line with broader market trends, Bybit's management, including CEO Ben Zhou, has reassured investors of the exchange's stability and reserve capacity to address the shortfall. Following the incident on February 21, 2025, which was caused by a compromised device from SafeWallet, there was a coordinated effort among competitors to support Bybit during the crisis.

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