Bybit Releases 40th Proof-of-Reserves Report, Adds 10 Tokens as Asset Value Hits $19.6B
- —Reported value of mainstream assets rose to $19.6 billion from $18.1 billion in August
- —New tokens added: SUI, PUMP, LIT, CAP, SPX, ZEREBRO, XPL, USDTB, PENGU and ZRO
- —USDT reserve ratio at 110%, USDC at 223%, BTC at 104%, ETH at 103%
- —All 50 in-scope tokens show reserve ratios at or above 100%, verified by Hacken
Why it matters: The report confirms full backing of Bybit's liabilities after the $388 million hack and the restoration of its protection fund.
Source: BitcoinWorld