Bybit CEO Ben Zhou said the exchange has recovered its ETH reserves after a $1.5 billion exploit on Feb. 21. “Latest Update: Bybit has already fully closed the ETH gap, new audited POR report will be published very soon to show that Bybit is again Back to 100% 1:1 on client assets through merkle tree, Stay tuned,” Zhou said in an X post . According to Lookonchain data , Bybit replaced most of the stolen funds through loans from other crypto exchanges, whale deposits, and additional ETH purchases. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io