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Coinpedia
2024-05-25 08:46:18

Bybit’s Ben Zhou Shuts Down Insolvency Speculation With $11B Proof of Reserves

Bybit’s Ben Zhou Shuts Down Insolvency Speculation With $11B Proof of Reserves

The post Bybit’s Ben Zhou Shuts Down Insolvency Speculation With $11B Proof of Reserves appeared first on Coinpedia Fintech News Ben Zhou, the CEO of the cryptocurrency exchange Bybit, has now effectively dispelled negative rumours of the exchange’s liquidity issues or an alleged hack. The speculation that began on May 22 was especially actuated by false proof-of-reserves data relayed by Arkham Intelligence.  Similar to recent events involving FTX, Bybit faced scrutiny amid fears of fund …

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