A new report by Kaiko, a leading provider of institutional-grade crypto market data, reveals that Bybit’s liquidity recovered to pre-incident levels within just 30 days following its largest-ever hack. The swift recovery stands as a testament to Bybit’s resilience and transparency in the face of adversity. The report details how Bybit addressed the impact of the $1.5 billion cyberattack, enabling continued trading and ensuring minimal disruption. 30 days after the event, market depth was restored, with Bitcoin liquidity reaching an average of $13 million per day by the end of Q1 2025. The report highlights Bybit’s use of Retail Price Improvement (RPI) orders as a key factor in this recovery, which contributed to tighter spreads and protection for individual traders. Bybit’s success contrasts with other exchanges, showcasing its ability to navigate difficult times and bounce back quickly. The platform has also demonstrated resilience against broader market uncertainty, achieving faster trading volume recovery than past incidents like the 2016 Bitfinex hack or the 2023 Binance.US SEC case.