Bybit Strengthens Transparency and Confidence with Third-Party Verified 11th Proof-of-Reserves Audit

Why Third-Party Audits Matter for Proof of Reserves

Proof of Reserves audits are crucial for building trust in the cryptocurrency space. However, the validity of these audits hinges on the security of the underlying methodology. By partnering with Hacken, Bybit ensures the integrity and robustness of its PoR process.

Key Highlights of Bybit's 11th PoR Audit:

"Bybit's dedication to transparency through regular PoR audits, coupled with their commitment to independent security assessments, sets a strong example for the entire industry. We are proud to be a part of this pioneering initiative," added Yevheniia Broshevan, Co-Founder & CBDO at Hacken.

By prioritizing independent verification and comprehensive audits, Bybit establishes itself as a leader in user trust and transparency. This commitment empowers users to trade with confidence, knowing their assets are secure and their investments are backed by a reliable exchange.

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About Bybit

Bybit is one of the world's top three cryptocurrency exchanges by volume with 30 million users. Established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team.

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