BitGet: 'Ethereum Transferred to Bybit Not Related to User Funds'

Doohyun Hwang

Summary

BitGet reported that the large amount of Ethereum transferred to Bybit is unrelated to user funds.
BitGet emphasized that user assets are safely stored on their platform.
They revealed that the reserve ratio is consistently maintained above 1:1 through Proof of Reserves.

Following BitGet's transfer of approximately 40,000 Ethereum (ETH) to Bybit, which had suffered a major Ethereum hack, BitGet CEO Gary Chen clarified that 'these funds have absolutely no connection to user assets.'

On the 21st (local time), BitGet CEO Chen stated, 'All BitGet users' assets are safely stored on the platform,' adding that 'we issue Proof of Reserves (PoR) monthly, maintaining a reserve ratio greater than 1:1.'

ETH

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀

BitGet: 'Ethereum Transferred to Bybit Not Related to User Funds'

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