Bybit Exchange Restores Bitcoin Liquidity After Hack

Kaiko analysts have recorded that crypto exchange Bybit has fully restored Bitcoin's market depth in just 30 days after a hack that led to a sharp drop in liquidity.

According to the research firm, the market depth for BTC on the platform has grown to 8%, up from a low of 0.1% immediately after the incident. This was made possible by the exchange's proactive measures, including the issuance of institutional RPI (Retail Price Improvement) orders aimed at stabilizing prices and reducing spreads.

Despite the challenging macroeconomic environment caused by the change in US trade policy, Bybit has not only recovered its position, but also outperformed its competitors. In March 2025, liquidity on HTX, Bithumb, and MEXC exchanges fell by double digits, while Bybit saw a 30% increase. A similar trend affected altcoins: the market depth for the 30 largest assets by capitalization returned to 80% of the pre-crisis level.

Earlier, the CEO of the cryptocurrency platform Bybit Ben Zhou said that the exchange will not be able to return 28% of the $1.4 billion that hackers stole as a result of the hack. This is due to the fact that the funds cannot be traced due to the fact that they were transferred to the first cryptocurrency through the THORChain platform.