According to BitMEX Research, there is a query regarding whether Ethena Labs' $1.3 billion exposure to ByBit, predominantly managed through 'off exchange custody solutions' like Copper Clearloop, is included in ByBit's published Reserve Ratios. This information is crucial for traders evaluating ByBit's financial health and risk management practices. Understanding the inclusion or exclusion of such significant funds in reserve calculations could impact trading strategies and risk assessments.

According to @BitMEXResearch, Bybit remains solvent despite a significant loss exceeding $1 billion. This conclusion is based on a quick calculation of Bybit's recently published reserve ratios. The reserve ratios suggest that Bybit has sufficient assets to cover its liabilities, an important factor for traders considering the platform's financial stability. The analysis highlights the importance of reserve ratios in assessing the solvency of cryptocurrency exchanges. Source: @BitMEXResearch

According to @BitMEXResearch, a quick calculation of Bybit's latest published 'Reserve Ratios' indicates that the company remains solvent despite incurring a loss exceeding $1 billion. The analysis suggests that Bybit's reserves are still sufficient to cover its liabilities, making it a potentially stable choice for traders concerned with solvency. This information could be crucial for risk management strategies in volatile market conditions. Source: BitMEX Research.