Tagged: bybit

December 22, 2025 @ 9:00 am By Omar Faridi  |  

Cryptocurrency exchange Bybit has resumed services in the United Kingdom following a two-year suspension, marking a seemingly calculated return to one of Europe’s most tightly regulated markets. The Dubai-based platform, which ranks as one of the largest crypto exchanges by trading volume (despite suffering a… Read More

December 10, 2025 @ 1:59 am By Omar Faridi  |  

Bybit, which claims to be one of the world’s largest cryptocurrency exchanges by trading volume, announced a partnership with an affiliate of Circle Internet Group, Inc. (NYSE:CRCL), a financial tech firm and the issuer of USDC through its regulated entities. The latest partnership aims to… Read More

November 9, 2025 @ 11:53 pm By Tony Zerucha  |  

Cryptocurrency exchange Bybit has debuted Bybit Pay in Sri Lanka. The initial rollout covers 50 physical point-of-sale and 50 digital merchant activations. With mobile penetration exceeding 130% and ever-growing digital adoption, Sri Lanka has a vibrant payment ecosystem with significant opportunities for innovation and demands for… Read More

October 27, 2025 @ 2:50 am By Tony Zerucha  |  

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a new strategic partnership between Bybit Pay and Idram, Armenia’s established financial service provider and digital payment powerhouse. Joining forces to launch comprehensive payment services in Armenia, Bybit Pay and Idram will enable users… Read More

September 11, 2025 @ 9:01 am By Omar Faridi  |  

Sygnum, a global digital asset banking group, has integrated crypto exchange Bybit into its Sygnum Protect off-exchange custody platform. This integration enables traders to leverage Bybit’s product range and liquidity while “holding their assets at Sygnum Bank off-balance sheet with institutional-grade security.” Bybit institutional customers… Read More

July 2, 2025 @ 8:00 am By Tony Zerucha  |  

Blockchain security firm CertiK’s H1 2025 Hack3d Report finds hackers stole nearly $2.5 billion in 2025’s first six months, up drastically from the same period one year ago. The latest report revealed that in the first half of 2025, hackers stole more than $2.47 billion,… Read More

June 27, 2025 @ 2:42 am By Tony Zerucha  |  

16B data leak shows centralization’s perils “This leak of 16 billion credentials represents the complete collapse of centralized security frameworks, and it’s no surprise. It’s simply an inevitable consequence of putting trust in security systems that are vulnerable to single points of failure in a… Read More

June 23, 2025 @ 8:35 am By Michael Wong  |  

Byreal, a new decentralized finance platform focused on bringing real-world assets on-chain, officially launched its brand, backed by partnerships with crypto exchange Bybit and the Solana Foundation. The platform aims to become the primary liquidity infrastructure for tokenized real assets, positioning itself as a full-cycle… Read More

April 21, 2025 @ 11:11 am By Omar Faridi  |  

In a recent update shared via X, Bybit CEO Ben Zhou revealed that approximately 27.59% of the $1.4 billion in cryptocurrency stolen from the exchange has become untraceable, marking a significant development in one of the largest hacks ever to hit a centralized crypto exchange…. Read More

April 4, 2025 @ 10:06 am By Omar Faridi  |  

North Korea has emerged as a somewhat unexpected powerhouse in the world of cryptocurrency—not as a legitimate player, but as a prolific cybercriminal state. According to a detailed investigation by The Wall Street Journal, the isolated nation has pilfered more than $6 billion in digital… Read More

March 14, 2025 @ 9:20 am By Tony Zerucha  |  

The recent $1.4 billion Bybit hack by Lazarus Group has crypto industry figures weighing in on lessons that should be learned moving forward. SMARDEX co-founder Jean Rausis said the industry should review its hiring practices and closely consider crypto’s “remote nature.” “Most of us work… Read More

March 3, 2025 @ 10:27 am By JD Alois  |  

D24 Fintech Group Chief Technology Officer Osama Bari has outlined how crypto firms may improve security to prevent breaches on a similar scale as the ByBit hack. D24 is based in Singapore and it provides various services for financial platforms. The ByBit breach is the… Read More

March 1, 2025 @ 11:36 am By Tony Zerucha  |  

This week’s crypto sell-off has industry watchers wondering what if any, long-term effects it will have. Two shared their thoughts with Crowdfund Insider. Kevin Rusher founded the real-world asset lending platform RAAC. He believes the sell-off is another reminder that DeFi needs more stable assets… Read More

February 26, 2025 @ 9:20 am By Omar Faridi  |  

On Friday, February 21, 2025, the cryptocurrency ecosystem was rocked by one of the largest hacks in its history: a meticulously executed theft of nearly $1.5 billion worth of Ethereum tokens (and some other cryptocurrencies) from Bybit, a prominent crypto exchange. Although many of these… Read More

February 25, 2025 @ 7:37 am By Omar Faridi  |  

Copper noted that on Friday, 21 February 2025, the digital assets industry witnessed one of the largest centralized exchange security breaches in history, affecting Bybit. As the situation developed, Copper’s Security and Financial Risk teams closely monitored events and “took necessary precautions to protect client assets and minimize… Read More

February 24, 2025 @ 12:08 pm By JD Alois  |  

ByBit, one of the largest crypto exchanges in the world, may now claim to be the victim of the largest crypto hack ever, with over $1.5 billion in value. ByBit is a centralized exchange, which one crypto executive says is emblematic of why a “CEX”… Read More

February 24, 2025 @ 11:22 am By JD Alois  |  

ByBit, one of the largest crypto exchanges in the world, is reporting that it has recovered pilfered funds. In a statement today, the company stated they had “restored reserves levels to a 1:1 ratio for in-scope digital assets within 72 hours following a major incident… Read More

February 22, 2025 @ 12:01 pm By Omar Faridi  |  

The team at Blockaid noted that on February 21, 2025, Bybit fell victim to one of the largest crypto heists in history, losing “approximately $1.5 billion” worth of Ethereum (ETH) tokens. Blockaid pointed out that this incident wasn’t just another hack—it was a stark reminder… Read More

February 21, 2025 @ 12:02 pm By JD Alois  |  

Crypto exchange Bybit has apparently been hacked. Bybit, based in Singapore, reports over 60 million users worldwide and is said to be the world’s second-largest cryptocurrency exchange by trading volume. It was not immediately clear as to how much may have been stolen from the… Read More

December 29, 2024 @ 1:44 pm By Michael Wong  |  

Bybit Technology Limited, formerly Bybit Fintech Limited, and its Chief Executive Officer Ben Zhou (Yuchen Zhou), have been reprimanded by the Securities Commission Malaysia (SC) for running a digital asset exchange (DAX) without registration. The SC said in a statement that both Bybit and Zhou… Read More