North Korea’s record-breaking Bybit hack changed how exchanges handle security and even influenced FATF’s global crypto recommendations.
Bybit News
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Concerns about code vulnerabilities are fading in the crypto space, but more sophisticated scam tactics are emerging as protocol security improves.
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The exchange cited licensing approvals in Europe and its US launch as key drivers behind the surge in activity on its compliant platforms.
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Bybit will phase out services for Japan-based users starting in 2026, following earlier steps to halt new registrations.
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Bybit is relaunching in the UK with a stripped‑back spot and P2P platform, reopening a market it exited after the Financial Conduct Authority’s (FCA) 2023 crackdown.
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The new feature gives select users access to traditional market derivatives, with positions margined and settled in USDt during a limited test phase.
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Bybit plans deeper USDC adoption for trading and payments, with the stablecoin “already embedded” across its ecosystem.
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The exchange will publish monthly, independently verified reserve reports, giving users third-party confirmation that assets are fully backed.
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After analyzing 166 blockchains, Bybit’s Lazarus Security Lab found 16 networks that can freeze or restrict user funds, raising questions about decentralization.
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Ethereum smart account wallet platform SafeWallet has rearchitected its systems in the wake of the infamous $1.5 billion theft of ETH from Bybit.
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Bybit’s pause comes as Japan’s FSA considers reforms that could allow banks to hold Bitcoin and operate licensed exchanges.
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Latin Americans are using stablecoins and crypto to combat inflation and access banking services where traditional systems have failed, according to the CEO of Bybit LATAM.
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The real winner of last week’s crypto flash crash is the CME. Cointelegraph explains how the exchange is increasing its crypto market share.
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Hyperliquid CEO Jeff Yan and data platform CoinGlass warned that the liquidation reporting method used by centralized exchanges, such as Binance, may undercount actual liquidations.
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Ethereum layer-2 tokens outperformed the market, with Mantle surging 31%, driven by Bybit integration and increasing adoption across scaling solutions.
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