Bybit says its 41st proof-of-reserves report covers $17.3 billion in customer assets across 50 cryptocurrencies. The exchange reported reserve ratios above 100% for every asset reviewed, including 112% for USDT, 405% for USDC, 102% for Bitcoin, and 101% for Ether. The figures were checked by security firm Hacken using a snapshot taken on October 27 at 06:00 UTC. However, this point-in-time snapshot is not a complete guarantee of solvency because withdrawals, debts, encumbrances, institutional arrangements, and operational resilience may change.
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