Ben Zhou, CEO of cryptocurrency exchange Bybit, has refuted rumors of insolvency and hacking. He provided evidence of Bybit's financial stability and crypto assets. Zhou dismissed the allegations as baseless and shared Bybit's proof-of-reserves and Nansen dashboard to showcase their financial health. The platform's assets exceed 100% of user deposits, ensuring liquidity for withdrawals. Despite rumors fueled by a flawed proof-of-reserves graph, independent verification confirmed the funds' security. Bybit also faced regulatory issues in France, prompting the company to exit the local market in 2023. Zhou reassured users of Bybit's commitment to compliance and transparency amidst challenges. The exchange's proactive approach to regulatory compliance and financial transparency aims to maintain trust and credibility in the crypto community. Read more AI-generated news on: https://app.chaingpt.org/news