Bybit Restores Investor Confidence, Ranks First in March Fund Inflow

Son Min

Summary

Bybit announced that it achieved first place in March fund inflow with $3.61 billion among centralized exchanges (CEX).
AlvaProtocol evaluated that Bybit's recovery ability and crisis management facilitated the return of customers.
Investors reported that Binance also recorded second place with a fund inflow of $3.545 billion over the past month.

Bybit, which faced difficulties due to a large-scale Ethereum (ETH) hacking incident, has achieved the top position in March fund inflow.

On the 2nd (local time), WuBlockchain announced on X, "After the hacking incident in February, Bybit saw an inflow of $3.61 billion throughout March," stating, "This ranks first among all centralized exchanges (CEX)." It further mentioned, "This suggests that customers are returning to Bybit after the hacking incident," and reported, "Bybit's total capital inflow is currently $15.133 billion."

AlvaProtocol commented, "The reason Bybit was able to recover quickly after the hacking was due to its rapid crisis management capabilities, 1:1 asset reserve guarantee, tracking of stolen funds, and transparency."

In the case of Binance, it ranked second with an inflow of $3.545 billion over the past month. However, its total capital inflow is $134.489 billion, still showing a significant gap with other centralized exchanges.

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