Bybit Recovers 7% Market Share Following $1.46 Billion Hack

Bybit, one of the leading global cryptocurrency exchanges, has successfully regained its 7% market share after suffering a devastating $1.46 billion hack in February 2025. The breach, which targeted Bybit’s Ethereum cold wallet, resulted in the loss of significant digital assets, including staked Ether (stETH) and Mantle Staked ETH (mETH). Despite the incident raising serious concerns about the security of centralized exchanges, Bybit has demonstrated resilience by bouncing back to its pre-hack performance levels. This recovery highlights the exchange’s ability to restore user trust and stabilize its position in the competitive crypto market.

Bybit Reclaims 7% Market Share After $1.46 Billion Hack

Bybit, one of the world’s largest crypto exchanges, has bounced back to its pre-hack performance. Recent data shows the exchange has regained its 7% market share after a major hack in February 2025 where hackers stole over $1.4 billion worth of digital assets, including staked Ether (stETH) and Mantle Staked ETH (mETH), from Bybit’s Ethereum cold wallet. The breach raised concerns about the vulnerability of centralized exchanges. Despite the initial fall in market share to around 4%, Bybit has recovered.

Bybit Recovers and Regains 7% Market Share After Hack

Bybit has recovered its market share to about 7% from 4% after a major hack in February that amounted to a loss of $1.4 billion. Despite a significant drop in trading activities, Bybit has steadily bounced back by rebuilding trust and stabilizing trading volumes. This recovery comes at a time when many crypto holders are becoming more cautious due to global financial uncertainty. Bybit achieved this growth by boosting its safety measures and providing better trading conditions.