Bybit is a global cryptocurrency derivatives exchange designed for all retail traders, professionals, and investment institutions alike.
Established in March 2018, Bybit emerged onto the cryptocurrency scene with a vision to deliver a top-notch platform, featuring an exceptionally swift matching engine, stellar customer service, and a diverse community support system in multiple languages. Tailored for crypto enthusiasts, Bybit provides a cutting-edge experience through its innovative online spot and derivatives trading services, alongside offerings in mining, staking products, and robust API support. With a global reach, the company caters to both retail and institutional clients, aspiring to position itself as the go-to exchange for the evolving world of digital assets.
Bybit lost $1.5B in a cyberattack linked to North Korean hackers. The breach stemmed from a compromised Safe{Wallet} developer machine.
THORChain reportedly generated $5.5M in transaction fees from the surge in activity linked to the laundering of Bybit’s stolen funds.
North Korea’s Lazarus group, reportedly behind the Bybit hack, has laundered all 499,000 stolen ETH leveraging crypto mixers and DEXs.