As more governments are focusing on crypto regulation, scrutiny over existing crypto firms is also increasing. The Thailand SEC has decided to block multiple exchanges from operating in the country for violating its laws. Among them, Bybit and OKX are the top exchanges, the former being the second-largest crypto exchange
MiCA has made it mandatory for crypto asset trading service providers to secure their license to be able to operate in European countries. Its policies became effective and improved the regulatory environment for crypto in Europe at the beginning of this year. Bybit is the latest crypto exchange that secured
Bybit, the second-largest cryptocurrency exchange in the world based on trading volume, revealed today that it has crossed more than 70 million registered users. This milestone demonstrates the platform’s consistent worldwide expansion and growing confidence among institutional and retail customers. Bybit’s strong market presence and unwavering dedication to security, compliance, and
German law enforcement has confiscated €34 million ($38 million) in cryptocurrency from eXch, a crypto-swapping platform tied to the $1.4 billion Bybit hack. Authorities announced the seizure on May 9, calling it the third-largest crypto confiscation in Germany’s history. The Federal Criminal Police Office (BKA) and Frankfurt’s prosecutor’s office led
The Chief Executive Officer of Hacken, Dyma Budorin, claims that crypto firms are still not serious about cybersecurity, despite big hacks such as the $1.4 billion hack of Bybit. He further added that the industry continues to be dependent on restricted steps like bug bounties and penetration tests. Instead of
Crypto exchange eXch will stop offering its products and services starting from May 1 this year due to allegations of money laundering. The firm was accused of being involved in laundering the funds stolen from the recent $1.4B Bybit hack. As per its latest notice released on April 17, the
With $3.61 billion in asset inflows in March, Bybit, the second-largest cryptocurrency exchange globally by trading volume, has made a spectacular return, taking back the No.2 rank in terms of trading volume. The most recent inflows demonstrate the efficacy of Bybit’s quick recovery strategies and its steadfast dedication to user security
For the 2025–2026 academic year, 300 students at St. Paul American Scholars (SPAS), a prominent international school in Korea, will receive $100,000 as part of a substantial scholarship program announced by Bybit, the second-largest cryptocurrency exchange in the world based on trading volume. This partnership, which includes both a monetary contribution and
Bybit CEO Ben Zhou has revealed on Thursday that 88.87% of the $1.4 billion stolen from the exchange remains traceable, despite efforts by North Korea’s Lazarus Group to obscure the funds using Bitcoin mixers. The stolen assets, including 500K ETH, were mostly converted into 12,836 BTC and spread across 9,117
The Bybit hack took a new turn as on-chain data tracker Ember reported that the hacker launched all the funds. Meanwhile, Bybit CEO Ben Zhou shared an executive summary on stolen funds. Out of the total stolen funds, 77% of them are still traceable, 20% of them went dark, and
