If Bybit can prove that the money that was recovered was part of the $1.4 billion that was hacked on Feb. 21, 2025, the exchange should be entitled to the funds.
Trusting a centralized with your funds is risky. Exchanges are not safe to keep your funds because they are prone to hacks and other human errors.
Since the exchange is still functioning without any restrictions, I think they have enough funds to cover up the losses. But nothing is certain since we cannot ascertain the actual state of the exchange.
The article didn't state how the fund was recovered. I thought it was reported that the North Korean Lazarus group was behind the hacks.
Yes Lazarus group was mentioned in another article .
This is one of the articles that had Lazarus group captured, although when researching for this post this was the exact article that had the group involved.