ByBit

Bybit Expresses Deep Gratitude as Crypto Industry Unites Against Security Threats

February 23, 2025 4 mins read

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, extends its heartfelt thanks to the global crypto community for the overwhelming support received in the wake of a recent security incident. This unprecedented show of solidarity has not only reinforced Bybit’s resilience but has also laid the foundation for stronger industry-wide measures to counter and prevent future hacking incidents. From institutional liquidity providers to leading blockchain security firms, the swift

Bybit Launches Recovery Bounty Program with Rewards up to 10% of Stolen Funds

February 23, 2025 3 mins read

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is calling on the brightest minds in cyber security and crypto analytics to join the global hunt for the perpetrators of crypto’s largest heist in history. With a reward of 10% of the amount recovered, the contributors stand to share a bounty of potentially up to 140 million USD in value in the scenario of a full recovery.  Recovery Bounty Program

Bybit sees a $4B liquidity influx and processes 350,000+ withdrawal requests

February 23, 2025 1 min read

Bybit experienced a significant event after a hack that resulted in the theft of $1.5 billion in crypto assets. In just 12 hours following the hack, Bybit saw an influx of $4 billion. This included 63,168 ETH, $3.15 billion in USDT, $173 million in USDC, and $525 million in CUSD. The exchange faced a historic surge in withdrawal requests. Many users were concerned about the possibility of insolvency due to

ByBit launches Avalon Token (AVL) on Bybit Spot.

February 17, 2025 1 min read

Avalon Labs has partnered with Bybit, the second-largest crypto exchange, to launch Avalon Token (AVL) exclusively on Bybit Spot. This partnership introduces an incentive-based savings plan through Bybit Earn. Participants can earn annual percentage rates (APRs) of up to 50% during a structured staking period. Approximately 10,000 USDT worth of AVL tokens will be distributed to qualified users as rewards. Avalon Labs is the largest issuer of Bitcoin-backed stablecoins. Their

Bybit Expands Ecosystem Token Pools with SUI on Launchpool

October 7, 2024 3 mins read

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the expansion of its Launchpool platform with the introduction of ecosystem token pools. Building on the success of earlier integrations such as Mantle, Bybit Launchpool now supports the SUI pool, marking a significant step towards broader ecosystem support and offering more targeted opportunities for token holders. This new initiative reflects Bybit’s long-term commitment to fostering blockchain ecosystems.

Bybit exchange gains 10 million new users in less than 90 days

August 16, 2024 1 min read

Bybit, the world’s second-largest crypto exchange by trading volume, has reached 40 million registered users worldwide, solidifying its position as a preferred platform for millions of crypto enthusiasts and traders. The platform has seen a surge of 10 million new users within 90 days, showcasing its ability to meet the evolving needs of the crypto community by providing a secure, reliable, and user-friendly trading environment. Bybit‘s Co-founder and CEO, Ben

Bybit launches Spot Liquidity Pairing Program to enhance liquidity for projects

July 25, 2024 1 min read

Bybit crypto exchange has introduced its Spot Liquidity Pairing Program. This program aims to link reputable market makers with projects that require enhanced liquidity. The program’s objective is to offer liquidity providers substantial prospects for cooperation and exposure. Bybit will prominently showcase Premium Liquidity Providers in its recommendation list for projects, fostering robust collaborations and drawing in a greater number of potential projects to the platform. Bybit has announced the

Bybit exchange implements Apple Pay for checkout

June 24, 2024 1 min read

Bybit crypto exchange is implementing Apple Pay as a more secure, private, and reliable payment option for its clientele. Starting from July 1, 2024, at 10AM UTC, users have the option to purchase cryptocurrencies using more than 20 different fiat currencies. During this time, transactions will not be subject to any fees. At checkout, users have the option to choose their favorite cryptocurrency and payment currency, and can select Apple

Bybit CEO Ben Zhou denies hack and insolvency rumors

May 24, 2024 2 mins read

Speculation that a major exchange was insolvent concerned the crypto world this week. With mounting worry, users identified Bybit as the exchange in peril. Bybit CEO Ben Zhou denied any hack or insolvency issues on X on Wednesday, assuring investors that the exchange was working regularly. This followed Tuesday claims of imminent bankruptcy, raising concerns of another FTX-like collapse. Arkham Intelligence’s Proof-of-Reserves (PoR) graph dropped from $11 billion to $6

Rumors of Bybit’s insolvency cause panic, but the crypto exchange reassures users of its stability

May 23, 2024 1 min read

Arkham’s on-chain analysis platform glitch sparked Bybit’s bankruptcy rumors, panicking the crypto community. Bybit has informed users of its stability and the untruthfulness of these rumors, inviting them to check its Proof of Reserves. After erroneous reports caused $50 million in withdrawals, Bybit reaffirmed its financial soundness. The rapid spread of Bybit’s bankruptcy rumors has raised concerns and suspicion. Arkham’s on-chain analytical software misrepresented Bybit’s asset decline, causing fear. Bybit

Bybit Web3 Announces Upcoming IDO for Nulink

May 9, 2024 3 mins read

Dubai, UAE, May 9th, 2024 Bybit, one of the world’s top three crypto exchanges by volume, today announced an upcoming Initial DEX Offering (IDO) for Nulink (NLK)on its Web3 platform.  “Bybit Web3 is excited to offer our community the opportunity to participate in the IDO for Nulink, a project that is redefining data privacy for DApps,” said Emily Bao, Bybit Web3 Evangelist. “NuLink’s innovative solutions empower developers to build secure and