Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform for crypto traders. It has an ultra-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace, and API support to retail and institutional clients around the world. It strives to be the most reliable exchange for the emerging digital asset class.
Odaily News - Karia Samaroo, founder and former CEO of Canadian crypto company WonderFi, recently stated that the company's acquisition by US trading platform Robinhood Markets for CAD 250 million was not due to a lack of growth potential, but rather because Canada's market environment has restricted local tech companies from continuing to scale.Samaroo said that WonderFi was founded in 2021. After several years of development, the company consolidated Canada's fragmented crypto market, built a nationwide brand, and survived the QuadrigaCX collapse, the FTX crash, and Canada's strict crypto regulatory environment. By 2023, WonderFi had become a leading crypto platform in the Canadian market.However, he believes that succeeding in Canada was not the company's ultimate goal. WonderFi had originally hoped to grow into a global enterprise, and Robinhood saw WonderFi as a strategic gateway into the Canadian market, which led to the CAD 250 million acquisition. Samaroo pointed out that Canada has long faced structural issues that limit companies' ability to scale, including insufficient venture capital, weak public markets, regulatory fragmentation, and declining attractiveness of entrepreneurial returns.For the crypto industry, the challenges are even more pronounced. Samaroo noted that after the QuadrigaCX incident, Canadian regulators established one of the world's strictest crypto regulatory frameworks. While the original intent was to protect investors, it also increased operational costs for businesses. International trading platforms including Binance, OKX, Bybit, and Gemini all entered the Canadian market previously and then exited. He believes that Canada's crypto regulations are not only strict but also compounded by fragmented securities regulatory systems, leading to higher financing costs, increased operational complexity, and diminished interest from overseas investors.Samaroo said that WonderFi is not an isolated case—many Canadian tech companies have followed a similar trajectory: growing domestically until hitting market ceilings, then ultimately seeking overseas capital or strategic buyers. Shopify founder Tobi Lütke has also previously criticized Canada for repeatedly "nurturing important companies only to send them abroad." Restricting corporate sales can easily become a political statement, but the real key to solving the problem lies in building a business environment that supports companies in financing, expansion, and competing globally.Robinhood previously announced the acquisition of WonderFi for approximately CAD 250 million. This deal also reflects the accelerating consolidation in the North American crypto industry, as US platforms expand into other markets through M&A. (Fortune)
According to the official announcement, Bybit Spot listed GROVE (GROVE/USDT) on the spot market at 15:00 UTC on July 7. Meanwhile, GROVE has joined the Bybit Token Splash Trading Competition, where eligible users have the chance to participate and share a GROVE prize pool of 4 million. Grove is unlocking the potential of the stablecoin economy. Through institutional-grade asset allocation, financing, and liquidity services, Grove brings real-world assets (RWA) and real-world application scenarios on-chain, helping build the next-generation global financial market.
Grove is unlocking the potential of the stablecoin economy. Through institutional-grade asset allocation, financing, and liquidity services, Grove brings Real-World Assets (RWA) and real-world application scenarios on-chain, helping to build the next-generation global financial markets.
Bybit officially launches Bank Triparty, providing institutional clients with lending services backed by bank-custodied collateral assets. Eligible institutions can deposit collateral assets independently with partner banks and obtain financing limits without altering existing trading strategy infrastructure.
According to reports, SpaceX, the aerospace company led by Elon Musk, has attracted over $250 billion in investment demand for its IPO, surpassing its planned fundraising target of $75 billion. The offering is nearly 4 times oversubscribed, valuing the company at $1.8 trillion. Bankers and investors noted that long-term funds have submitted large orders. Pricing is expected to be finalized on Thursday, though demand figures could still change before orders are placed by major institutional investors. SpaceX's growth narrative is primarily tied to its satellite internet business, Starlink, which has become a significant source of revenue and profit for the company. SpaceX also highlighted that its artificial intelligence products address a market opportunity worth $23 trillion. Cryptocurrency exchanges including Binance, Coinbase, Kraken, and Bybit have listed pre-IPO perpetual futures for SPCX this month. Binance's related product has accumulated a trading volume of $2.1 billion over 18 days, covering over 130 countries. Decentralized exchange Hyperliquid recorded a trading volume of $70 million in the past 24 hours, with open interest exceeding $115 million. (Cointelegraph)
According to the official announcement, Bybit has launched pre-market perpetual contracts for SpaceX (SPCX/USDT), offering up to 10x leverage. SpaceX is scheduled to officially list on the Nasdaq on June 12 under the ticker symbol SPCX, with its IPO aiming to raise up to $75 billion. For more details, please visit the Bybit official platform.
Dubai cryptocurrency exchange Bybit has launched pre-market perpetual contracts linked to Chinese robotics company Unitree and AI startup Moonshot AI. The contracts are denominated and settled in USDT and do not involve ownership of shares in the respective companies. Bybit stated that its traditional finance perpetual contract product lineup has grown to over 200 since its launch in April, covering stocks, ETFs, commodities, indices, and pre-market companies. Unitree received approval from Chinese securities regulators in July to list on the Shanghai STAR Market. RWA.xyz data shows that the distribution value of tokenized stocks has reached $2.38 billion, with 1.31 million holders, a 123.62% increase in the latter over the past 30 days. (Cointelegraph)
Odaily News, Bybit announced today that it has officially filed a civil lawsuit in the U.S. District Court for the District of Columbia against North Korea (DPRK), its Reconnaissance General Bureau (RGB), and the Lazarus Group, holding the organization legally accountable for the大规模 cyberattack launched against Bybit in February 2025.It is reported that Bybit has successfully obtained a preliminary injunction from the court, freezing identified stolen digital assets held or transferred by unidentified individuals and entities (i.e., "John Doe" defendants). In approving the preliminary temporary restraining order, the court described the incident as "one of the largest cryptocurrency thefts in history" and determined that Bybit has a "likelihood of success on the merits" of the case. This civil lawsuit is independent of criminal investigations by U.S. law enforcement and aims to provide an additional legal avenue for asset recovery.In terms of asset recovery and global collaboration, Bybit has achieved notable results in partnership with blockchain analytics firms, multiple exchanges, custodial institutions, and international law enforcement agencies. To date:Approximately $48.4 million in stolen assets have been successfully recovered;Approximately $30.5 million in involved assets have been successfully frozen (distributed across more than 28 exchanges and custodial institutions).These efforts have also supported broader law enforcement actions targeting key infrastructure allegedly used to launder stolen funds: German authorities have dismantled cryptocurrency exchange eXch; German and Swiss authorities subsequently jointly shut down mixing platform Cryptomixer.io, cutting off critical channels for transferring illicit proceeds. These actions collectively demonstrate the effectiveness of collaboration between the private sector and law enforcement agencies in combating transnational cybercrime.Ben Zhou, co-founder and CEO of Bybit, stated: "Our core goal has never changed: prioritizing user protection, making every effort to recover assets, and ensuring those behind this are held accountable under the law. The Lazarus attack was not only directed at Bybit, but also a challenge to the trust foundation of the entire crypto industry. We will continue to deepen cooperation with law enforcement agencies, regulatory authorities, and courts to make the crypto world a place where criminals find it difficult to hide."Bybit emphasized that it will continue to invest in advanced blockchain tracking technology, utilize all available legal means to combat state-sponsored hacker groups, and drive the establishment of a more resilient digital asset ecosystem. The civil lawsuit is currently ongoing.
Odaily News: Cryptocurrency exchange Bybit has filed a civil lawsuit against the Democratic People's Republic of Korea, its intelligence agency Reconnaissance General Bureau (RGB), and the state-sanctioned hacker group Lazarus Group over a $1.5 billion hacking incident. A U.S. federal court has issued a preliminary injunction prohibiting the transfer or dissipation of identified assets related to the case during the litigation.
Odaily News - Karia Samaroo, founder and former CEO of Canadian crypto company WonderFi, recently stated that the company's acquisition by US trading platform Robinhood Markets for CAD 250 million was not due to a lack of growth potential, but rather because Canada's market environment has restricted local tech companies from continuing to scale.Samaroo said that WonderFi was founded in 2021. After several years of development, the company consolidated Canada's fragmented crypto market, built a nationwide brand, and survived the QuadrigaCX collapse, the FTX crash, and Canada's strict crypto regulatory environment. By 2023, WonderFi had become a leading crypto platform in the Canadian market.However, he believes that succeeding in Canada was not the company's ultimate goal. WonderFi had originally hoped to grow into a global enterprise, and Robinhood saw WonderFi as a strategic gateway into the Canadian market, which led to the CAD 250 million acquisition. Samaroo pointed out that Canada has long faced structural issues that limit companies' ability to scale, including insufficient venture capital, weak public markets, regulatory fragmentation, and declining attractiveness of entrepreneurial returns.For the crypto industry, the challenges are even more pronounced. Samaroo noted that after the QuadrigaCX incident, Canadian regulators established one of the world's strictest crypto regulatory frameworks. While the original intent was to protect investors, it also increased operational costs for businesses. International trading platforms including Binance, OKX, Bybit, and Gemini all entered the Canadian market previously and then exited. He believes that Canada's crypto regulations are not only strict but also compounded by fragmented securities regulatory systems, leading to higher financing costs, increased operational complexity, and diminished interest from overseas investors.Samaroo said that WonderFi is not an isolated case—many Canadian tech companies have followed a similar trajectory: growing domestically until hitting market ceilings, then ultimately seeking overseas capital or strategic buyers. Shopify founder Tobi Lütke has also previously criticized Canada for repeatedly "nurturing important companies only to send them abroad." Restricting corporate sales can easily become a political statement, but the real key to solving the problem lies in building a business environment that supports companies in financing, expansion, and competing globally.Robinhood previously announced the acquisition of WonderFi for approximately CAD 250 million. This deal also reflects the accelerating consolidation in the North American crypto industry, as US platforms expand into other markets through M&A. (Fortune)
Odaily News: Cryptocurrency platform Bybit announced that its local subsidiary, Bybit Payments GmbH, has been granted an Electronic Money Institution (EMI) license by the Austrian Financial Market Authority (FMA), enabling it to offer regulated e-money and payment services across Europe via Bybit.eu. Bybit EU GmbH has been authorized as a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCAR) since May 2025. Bybit stated that Bybit Payments will handle fiat and e-money operations, while Bybit EU GmbH will manage digital asset operations. Bybit Payments plans to roll out peer-to-peer transfers, open banking features, merchant solutions, card programs, and strong customer authentication tools under the EMI framework. A company representative noted that the license will support direct partnerships with European financial institutions and payment processors.
the Midnight Foundation has provided an update on the handling of the cross-chain bridge attack event involving Wanchain Cardano and BNB. Multiple exchanges including KuCoin, Kraken, Binance, Bybit, OKX, Gate, and MEXC have coordinated risk control actions, temporarily freezing the involved accounts and associated addresses, adding the hacker wallet to a blacklist, and pausing NIGHT token deposits and withdrawals as needed to curb the transfer and cashing out of stolen assets.The Foundation specifically noted that this security incident is an isolated incident related to a third-party cross-chain bridge, and the Midnight mainnet and native NIGHT assets have not been affected. The project team continues to collaborate with major exchanges and ecosystem partners to advance traceability investigations, reminding the community to rely on official disclosures for information and to be cautious of misinformation.
According to BeInCrypto, CryptoQuant data shows that centralized exchange stablecoin reserves fell from a high of about $80 billion at the end of 2025 to about $64 billion, shrinking by about $16 billion (about 20%). Among them, Binance showed relative resilience, with its stablecoin share rising from just over 60% to 68.5%, while platforms such as Coinbase, Bybit, and OKX saw more significant reductions. Meanwhile, on-chain analysis platform Santiment detected that pessimistic sentiments such as "crypto is dead" on X and Reddit continued to intensify, with the Crypto Fear & Greed Index currently at 46, still in the fear zone. The total stablecoin supply also fell from a high of nearly $316 billion in May to $300.89 billion, but the decline was far lower than on the exchange side, indicating that some liquidity may have shifted on-chain rather than exiting completely.
During the event, users who register and trade Bybit Wealth Management Dual Investment products can compete on the leaderboard for generous rewards. Users whose trading volume reaches the "Whale Threshold" can also unlock extra "Critical Hit Rewards," up to 2,500 USDT.
Odaily News: According to Onchain Lens monitoring, the Trump-backed World Liberty Financial team wallet (0xE853...D5743) transferred 39 million WLFI tokens, worth $2.33 million, to Bybit after a 30-day pause. The wallet had received the same amount of WLFI from the WLFI treasury two days prior.
Odaily News, according to Lookonchain monitoring, a wallet address associated with Monetalis transferred 3.72 million UNI to multiple cryptocurrency exchanges via Cumberland within the past 24 hours, valued at approximately $13 million. The transfer involved multiple trading platforms including Binance, Coinbase, Bybit, and OKX.
According to monitoring by on-chain analyst Ember (@EmberCN), market maker Cumberland has successively transferred 3.72 million UNI (approximately $12.63 million) to multiple centralized exchanges including Binance, Coinbase, OKX, and Bybit over the past 23 hours, suspected of distributing positions.
According to the official announcement, Bybit Spot will list KII (KII/USDT) on the spot market at 1:00 PM UTC on August 14. Deposits are now open. Deposits Open: August 13, 10:00 AM (UTC); Trading Starts: August 14, 1:00 PM (UTC); Withdrawals Open: August 15, 10:00 AM (UTC) Kii is a stablecoin-powered, 24/7 on-chain foreign exchange (Onchain FX) infrastructure layer. Kii aims to provide cross-border payments, foreign exchange trading, and financial solutions for enterprises and individual users.
Odaily News Bybit today released its H1 2026 Risk and Security Report. Following the security incident in February 2025, Bybit has comprehensively upgraded its security architecture, transitioning toward a new defense model characterized by earlier detection, faster response, and continuous adaptation. Key highlights from the report are as follows:User Fund Protection: In H1, over 30,000 suspicious withdrawals were intercepted, protecting nearly 20,000 users from potential losses exceeding $700 million. The average initial review time was just 4.7 minutes (with 95% completed within 10 minutes).100% On-Chain Monitoring: Monitoring covers all business-related on-chain activities (including listed tokens, ecosystem contracts, and hot/cold wallets). In H1, 10 security incidents involving listed token projects were handled with zero platform losses; of these, responses to 8 incidents were faster than other major exchanges, and 2 attacks were detected before the project teams themselves. Additionally, approximately $212 million in potentially fraudulent on-chain funds was identified, and over 10,000 malicious addresses were blacklisted.AI-Driven Security Operations: More than 100,000 security alerts were processed. AI-assisted audits identified critical vulnerabilities at an efficiency 3-5 times that of manual efforts; the automated red team platform reduced the time from asset discovery to initial testing to within 24 hours (compared to weeks with traditional manual methods), and the cycle from security assessment to testing was shortened from two weeks to two hours.Accountability and Asset Recovery: In collaboration with law enforcement agencies and blockchain intelligence firms, stolen assets are being traced, and legal action has been taken against North Korea and the Lazarus Group to hold them accountable and recover funds.David Zong, Head of Risk Control and Security at Bybit Group, stated: "The cybersecurity arms race has entered the era of 'minute-level' response. Leveraging AI to strengthen risk control capabilities and ensuring the security of AI systems themselves is our top priority, but critical security decisions remain centered on human judgment."
Odaily News: The North Korean regime stole at least $2.8 billion in crypto assets between January 2024 and September 2025, increasingly laundering them through established criminal networks. According to a report by the Royal United Services Institute (RUSI), a UK-based defense and security think tank, the funds are believed to support its weapons programs. Stolen tokens frequently change ownership before being converted into cash, with third parties sometimes purchasing them at a discount or mixing them with proceeds from investment scams such as "pig butchering" schemes. Cashing out primarily relies on "money mules" recruited in the Philippines, Indonesia, and China, where stablecoins are typically split up and sold through peer-to-peer markets. After the Bybit hack, ZeroShadow found that TraderTraitor moved funds through over-the-counter (OTC) desks, peer-to-peer traders, and Chinese organized crime syndicates. Bybit has recovered $48.4 million and frozen $30.5 million in assets, accounting for roughly 5% of the stolen amount in total. (Decrypt)
Odaily News, Bybit announced today that it has officially filed a civil lawsuit in the U.S. District Court for the District of Columbia against North Korea (DPRK), its Reconnaissance General Bureau (RGB), and the Lazarus Group, holding the organization legally accountable for the大规模 cyberattack launched against Bybit in February 2025.It is reported that Bybit has successfully obtained a preliminary injunction from the court, freezing identified stolen digital assets held or transferred by unidentified individuals and entities (i.e., "John Doe" defendants). In approving the preliminary temporary restraining order, the court described the incident as "one of the largest cryptocurrency thefts in history" and determined that Bybit has a "likelihood of success on the merits" of the case. This civil lawsuit is independent of criminal investigations by U.S. law enforcement and aims to provide an additional legal avenue for asset recovery.In terms of asset recovery and global collaboration, Bybit has achieved notable results in partnership with blockchain analytics firms, multiple exchanges, custodial institutions, and international law enforcement agencies. To date:Approximately $48.4 million in stolen assets have been successfully recovered;Approximately $30.5 million in involved assets have been successfully frozen (distributed across more than 28 exchanges and custodial institutions).These efforts have also supported broader law enforcement actions targeting key infrastructure allegedly used to launder stolen funds: German authorities have dismantled cryptocurrency exchange eXch; German and Swiss authorities subsequently jointly shut down mixing platform Cryptomixer.io, cutting off critical channels for transferring illicit proceeds. These actions collectively demonstrate the effectiveness of collaboration between the private sector and law enforcement agencies in combating transnational cybercrime.Ben Zhou, co-founder and CEO of Bybit, stated: "Our core goal has never changed: prioritizing user protection, making every effort to recover assets, and ensuring those behind this are held accountable under the law. The Lazarus attack was not only directed at Bybit, but also a challenge to the trust foundation of the entire crypto industry. We will continue to deepen cooperation with law enforcement agencies, regulatory authorities, and courts to make the crypto world a place where criminals find it difficult to hide."Bybit emphasized that it will continue to invest in advanced blockchain tracking technology, utilize all available legal means to combat state-sponsored hacker groups, and drive the establishment of a more resilient digital asset ecosystem. The civil lawsuit is currently ongoing.
Odaily News: Cryptocurrency exchange Bybit has filed a civil lawsuit against the Democratic People's Republic of Korea, its intelligence agency Reconnaissance General Bureau (RGB), and the state-sanctioned hacker group Lazarus Group over a $1.5 billion hacking incident. A U.S. federal court has issued a preliminary injunction prohibiting the transfer or dissipation of identified assets related to the case during the litigation.
In the first half of 2026, losses from hacker attacks on cryptocurrency projects have exceeded $1 billion, with the number of verified attack incidents reaching a record high for the same period in history, described as "the half-year with the most hacker attacks on record." However, in terms of value, overall losses remain lower than the same period last year, mainly because a $1.5 billion attack incident occurred at Bybit in 2025, raising the baseline.
According to on-chain analyst PeckShield (@PeckShieldAlert), the address labeled "Drift Exploiter" has deposited 23,095.1 ETH (approximately $44.4 million) into Tornado Cash for mixing, and additionally transferred 0.85 ETH to Bybit.
Bybit today added three US equity perpetual contracts: 2x Long SpaceX ETF (SPCHUSDT), Arista Networks (ANETUSDT), and Futu Holdings (FUTUUSDT), with up to 25x leverage. Enjoy limited-time fee discounts at launch: 0% for limit orders and 50% off for market orders.
Odaily News: Bybit has today added one US stock perpetual contract for Moderna (MRNAUSDT), supporting up to 25x leverage. To mark the launch, a limited-time fee discount is available: 0% fee for limit orders and a 50% discount on market orders.
Bybit has newly added 3 US stock perpetual contracts today: Roundhill Magnificent Seven ETF (MAGSUSDT), Home Depot (HDUSDT), and Analog Devices (ADIUSDT), supporting up to 25x leverage. Enjoy limited-time fee discounts during the listing period: 0% fee rate for limit orders, 50% off for market orders.
Odaily News Bybit today released its H1 2026 Risk and Security Report. Following the security incident in February 2025, Bybit has comprehensively upgraded its security architecture, transitioning toward a new defense model characterized by earlier detection, faster response, and continuous adaptation. Key highlights from the report are as follows:User Fund Protection: In H1, over 30,000 suspicious withdrawals were intercepted, protecting nearly 20,000 users from potential losses exceeding $700 million. The average initial review time was just 4.7 minutes (with 95% completed within 10 minutes).100% On-Chain Monitoring: Monitoring covers all business-related on-chain activities (including listed tokens, ecosystem contracts, and hot/cold wallets). In H1, 10 security incidents involving listed token projects were handled with zero platform losses; of these, responses to 8 incidents were faster than other major exchanges, and 2 attacks were detected before the project teams themselves. Additionally, approximately $212 million in potentially fraudulent on-chain funds was identified, and over 10,000 malicious addresses were blacklisted.AI-Driven Security Operations: More than 100,000 security alerts were processed. AI-assisted audits identified critical vulnerabilities at an efficiency 3-5 times that of manual efforts; the automated red team platform reduced the time from asset discovery to initial testing to within 24 hours (compared to weeks with traditional manual methods), and the cycle from security assessment to testing was shortened from two weeks to two hours.Accountability and Asset Recovery: In collaboration with law enforcement agencies and blockchain intelligence firms, stolen assets are being traced, and legal action has been taken against North Korea and the Lazarus Group to hold them accountable and recover funds.David Zong, Head of Risk Control and Security at Bybit Group, stated: "The cybersecurity arms race has entered the era of 'minute-level' response. Leveraging AI to strengthen risk control capabilities and ensuring the security of AI systems themselves is our top priority, but critical security decisions remain centered on human judgment."
Bybit has added 3 new US stock perpetual contracts today: Monster Beverage (MNSTUSDT), Intuitive Surgical (ISRGUSDT), and Datadog (DDOGUSDT), with up to 25x leverage. Enjoy limited-time fee discounts during the listing period: 0% fee rate for limit orders and 50% off for market orders.
Dubai cryptocurrency exchange Bybit has launched pre-market perpetual contracts linked to Chinese robotics company Unitree and AI startup Moonshot AI. The contracts are denominated and settled in USDT and do not involve ownership of shares in the respective companies. Bybit stated that its traditional finance perpetual contract product lineup has grown to over 200 since its launch in April, covering stocks, ETFs, commodities, indices, and pre-market companies. Unitree received approval from Chinese securities regulators in July to list on the Shanghai STAR Market. RWA.xyz data shows that the distribution value of tokenized stocks has reached $2.38 billion, with 1.31 million holders, a 123.62% increase in the latter over the past 30 days. (Cointelegraph)
Bybit today added three US equity perpetual contracts: 2x Long SpaceX ETF (SPCHUSDT), Arista Networks (ANETUSDT), and Futu Holdings (FUTUUSDT), with up to 25x leverage. Enjoy limited-time fee discounts at launch: 0% for limit orders and 50% off for market orders.
Odaily News: Bybit has today added one US stock perpetual contract for Moderna (MRNAUSDT), supporting up to 25x leverage. To mark the launch, a limited-time fee discount is available: 0% fee for limit orders and a 50% discount on market orders.
Bybit has newly added 3 US stock perpetual contracts today: Roundhill Magnificent Seven ETF (MAGSUSDT), Home Depot (HDUSDT), and Analog Devices (ADIUSDT), supporting up to 25x leverage. Enjoy limited-time fee discounts during the listing period: 0% fee rate for limit orders, 50% off for market orders.
According to official announcements, UNITREEUSDT Unitree Robotics has officially transitioned on Bybit from pre-market contracts to official contracts, with up to 25x leverage.
According to BeInCrypto, CryptoQuant data shows that centralized exchange stablecoin reserves fell from a high of about $80 billion at the end of 2025 to about $64 billion, shrinking by about $16 billion (about 20%). Among them, Binance showed relative resilience, with its stablecoin share rising from just over 60% to 68.5%, while platforms such as Coinbase, Bybit, and OKX saw more significant reductions. Meanwhile, on-chain analysis platform Santiment detected that pessimistic sentiments such as "crypto is dead" on X and Reddit continued to intensify, with the Crypto Fear & Greed Index currently at 46, still in the fear zone. The total stablecoin supply also fell from a high of nearly $316 billion in May to $300.89 billion, but the decline was far lower than on the exchange side, indicating that some liquidity may have shifted on-chain rather than exiting completely.
Odaily News Bybit today released its H1 2026 Risk and Security Report. Following the security incident in February 2025, Bybit has comprehensively upgraded its security architecture, transitioning toward a new defense model characterized by earlier detection, faster response, and continuous adaptation. Key highlights from the report are as follows:User Fund Protection: In H1, over 30,000 suspicious withdrawals were intercepted, protecting nearly 20,000 users from potential losses exceeding $700 million. The average initial review time was just 4.7 minutes (with 95% completed within 10 minutes).100% On-Chain Monitoring: Monitoring covers all business-related on-chain activities (including listed tokens, ecosystem contracts, and hot/cold wallets). In H1, 10 security incidents involving listed token projects were handled with zero platform losses; of these, responses to 8 incidents were faster than other major exchanges, and 2 attacks were detected before the project teams themselves. Additionally, approximately $212 million in potentially fraudulent on-chain funds was identified, and over 10,000 malicious addresses were blacklisted.AI-Driven Security Operations: More than 100,000 security alerts were processed. AI-assisted audits identified critical vulnerabilities at an efficiency 3-5 times that of manual efforts; the automated red team platform reduced the time from asset discovery to initial testing to within 24 hours (compared to weeks with traditional manual methods), and the cycle from security assessment to testing was shortened from two weeks to two hours.Accountability and Asset Recovery: In collaboration with law enforcement agencies and blockchain intelligence firms, stolen assets are being traced, and legal action has been taken against North Korea and the Lazarus Group to hold them accountable and recover funds.David Zong, Head of Risk Control and Security at Bybit Group, stated: "The cybersecurity arms race has entered the era of 'minute-level' response. Leveraging AI to strengthen risk control capabilities and ensuring the security of AI systems themselves is our top priority, but critical security decisions remain centered on human judgment."