Bybit News

The $38 million crypto seizure from Bybit hack-linked eXch was the third-largest crypto confiscation in the history of Germany’s federal criminal police.

Bybit is the second-largest cryptocurrency exchange by trading volume in the world, behind only the Binance exchange.

As crypto market manipulation evolves, highly organized networks coordinate sophisticated schemes across exchanges, threatening market integrity. Collective vigilance and data sharing can protect the ecosystem.

Enterprise-grade custody solutions can safeguard digital assets with multi-layered security and transparency.

Crypto hackers have already surpassed the $1.49 billion stolen during 2024, according to Immunefi’s latest research.

NFT enthusiasts are reporting that RTFKT’s CloneX NFTs are visible again after a Cloudflare issue caused them all to display the same error message.

Almost 70% of the stolen Bybit funds “remain traceable,” said CEO Ben Zhou, who is pinning his hopes on bounty hunters to decipher crypto mixers used to launder the loot.

Bybit is shutting down most of its Web3 services, including wallets and its NFT platform, to refocus on core offerings after a $1.4 billion hack.

Bybit told Cointelegraph that it requires a $200,000–$300,000 security deposit to ensure that projects meet promotion requirements.

Bybit exchange has integrated Avalon Labs’ CeDeFi protocol into its Earn platform, enabling users to earn Bitcoin yield through fixed-rate institutional lending and DeFi strategies.

DeFi’s speculative nature is its unique strength, which lies in democratizing financial opportunities, and its value lies in leveling the playing field.

Bybit’s market share rebounded to its pre-hack levels of over 7% despite a broader macro “de-risking” among cryptocurrency investors.

Institutional investors are eyeing DeFi, but security and compliance must improve to build trust and attract big players.

BitMEX CEO Stephan Lutz said observing how exchanges influence perpetual swap contracts can help traders avoid pump-and-dump schemes.

A weaker yuan could mean a lot of Chinese capital flow into Bitcoin, according to Bybit’s Ben Zhou.