Bybit News

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.

Centralized exchanges remain vulnerable to massive breaches, but with self-custody evolving, people can protect their crypto holdings with advanced security features.

Bybit is shutting down its NFT and inscription marketplaces on April 8 as part of a broader strategy to streamline its offerings amid declining market interest.

Crypto’s biggest promise is financial freedom, but its greatest flaw is security. It’s time to stop blaming users and start building systems that protect them.

North Korea’s pause in cyberattacks during late 2024 may have been a resource reallocation ahead of the largest cryptocurrency hack in history.

Bybit has already paid out $2.2 million for “bounty hunters” who can provide valuable information on the Lazarus Group’s transaction patterns related to the stolen funds.

CertiK’s chief business officer, Jason Jiang, tells The Agenda that a lack of comprehensive regulation has made the fallout from the hack even worse.

OKX says it has decided to pause its DEX aggregator service after consulting with regulators.