Exchange
Bybit
Dubai-based derivatives exchange. Suffered $1.5B hack Feb 2025.
Composite Risk
39
Watchlist
AI Analitik Brifinqi
On-chain reserves
$14.64B
Reported liabilities (est.)
$18.00B
81% covered on-chain
Last on-chain activity
18h ago
across 13 chains
Risk Decomposition
Reserve Adequacy25% weight
22On-chain balance vs reported customer liabilities.
Outflow Velocity25% weight
38Lifetime asset turnover — proxy for bank-run vulnerability.
Concentration20% weight
57Top-3 token share of total reserves.
Counterparty Quality15% weight
55Regulatory standing, audit history, incident track record.
Liquidity Profile15% weight
31Stablecoin share and chain diversification.
Recommendation Justification
- On-chain reserves cover 81% of reported customer liabilities.
- Top-3 tokens hold 67% of reserves — concentration risk.
- Regulatory / incident history elevates baseline counterparty risk.
Composite
39.0 / 100
Top Holdings
| Token | Chain | USD | Share |
|---|---|---|---|
| btc | Bitcoin | $4.18B | +28.51% |
| usdt | Ethereum | $2.59B | +17.69% |
| usdt | Tron | $1.47B | +10.02% |
| mnt | Ethereum | $1.07B | +7.31% |
| eth | Ethereum | $612.56M | +4.18% |
| usdc | Ethereum | $527.92M | +3.60% |
| usd1 | BNB | $357.44M | +2.44% |
| sol | Solana | $275.07M | +1.88% |
| bsc-usd | BNB | $208.52M | +1.42% |
| meth | Ethereum | $199.75M | +1.36% |
Chain Distribution
Ethereum$5.94B · 40.6%
Bitcoin$4.18B · 28.5%
Tron$1.48B · 10.1%
BNB$765.27M · 5.2%
Solana$745.15M · 5.1%
Hyperevm$262.62M · 1.8%
Arbitrum$152.60M · 1.0%
Avalanche$139.11M · 0.9%
Counterparty Graph · Top Bilateral Flows
| Counterparty | Sent → | Received ← | Net | Transfers |
|---|---|---|---|---|
| Wintermute | $1.19M | $0.00 | $-1.19M | 1 |
Recent Large Transfers
| Time | Chain | Token | USD | From | To |
|---|---|---|---|---|---|
| 2m ago | Tron | USDT | $525.4K | Bybit | TZHriN…uYLf ↗ |
| 15m ago | Bitcoin | ? | $2.52M | — | Bybit ↗ |
| 37m ago | BNB | USDT | $642.4K | 0x0B60…eEaD | Bybit ↗ |
| 44m ago | BNB | USDT | $520.0K | 0x3055…765B | Bybit ↗ |
| 48m ago | Bitcoin | ? | $2.32M | — | Bybit ↗ |
| 48m ago | Bitcoin | ? | $860.1K | — | Bybit ↗ |
| 48m ago | Bitcoin | ? | $996.1K | Bybit | — ↗ |
| 48m ago | Bitcoin | ? | $2.38M | Bybit | — ↗ |
| 48m ago | Bitcoin | ? | $599.6K | Bybit | — ↗ |
| 1h ago | Ethereum | USDC | $832.9K | Bybit | 0x48D1…1505 ↗ |
| 1h ago | Tron | USDT | $600.0K | Bybit | TALzgW…mZGu ↗ |
| 1h ago | Polygon | USDT | $1.04M | 0xC3e9…3979 | Bybit ↗ |
| 1h ago | Ethereum | USDT | $615.9K | 0xE978…927b | Bybit ↗ |
| 1h ago | Ethereum | ETH | $1.19M | Bybit | Wintermute ↗ |
| 1h ago | Bitcoin | ? | $2.92M | Bybit | — ↗ |
| 1h ago | Bitcoin | ? | $2.83M | — | Bybit ↗ |
| 1h ago | Tron | USDT | $506.2K | TF2tu1…Tbrb | Bybit ↗ |
| 1h ago | Bitcoin | ? | $601.1K | — | Bybit ↗ |
| 1h ago | Bitcoin | ? | $614.3K | Bybit | — ↗ |
| 1h ago | Ethereum | USDT | $2.00M | Bybit | 0x68aF…E48E ↗ |