Crypto exchange Bybit publicly released the addresses of its largest crypto wallets on Nov. 16. This came on the heels of FTX’s collapse and calls within the industry for greater transparency. Bybit listed the addresses in a press release.
Nansen also produced a dashboard of Bybit’s wallets, which indicated that over $1 billion of the exchange’s assets are in Bitcoin (BTC), Tether (USDT), Ether (ETH) and USD Coin (USDC). In the press release, the company claimed that these assets represent over 85% of the total cryptocurrency held by the exchange.