Bybit Bounces Back: $1.4B Cyberattack Defeated, Pioneers Crypto Innovation with AI and Tokenization

August 25, 2025
Bybit Bounces Back: $1.4B Cyberattack Defeated, Pioneers Crypto Innovation with AI and Tokenization
  • In 2025, the exchange demonstrated remarkable resilience by quickly recovering liquidity after a $1.4 billion cyberattack, with Bitcoin market depth rebounding to $13 million per day within 30 days.

  • The platform recovered $29.7 million via its LazarusBounty program and traced over $141 million in illicit flows, reinforcing its security and anti-fraud measures.

  • Bybit is positioning itself as a leader in crypto innovation, focusing on real-world asset tokenization, AI integration, and aligning with international regulations to shape the future of the industry.

  • The company’s strategic focus includes navigating industry volatility through innovation and compliance, aiming for broader adoption and industry leadership in the second half of 2025.

  • Following multiple security audits, Bybit implemented over 50 security upgrades and established a full Proof-of-Reserves system, strengthening trust and security for its users.

  • Beyond security, Bybit committed over $2 million to global humanitarian efforts, supporting disaster relief and educational scholarships across various regions.

  • The company secured the MiCAR license in Austria, enabling it to serve over 450 million Europeans within a regulated framework and expand across 29 European Economic Area countries.

  • Bybit expanded its AI trading assistant, TradeGPT, now with over 5 million users, and launched 78 TradFi instruments along with over 10 tokenized stocks, facilitating trading of real-world equities and ETFs.

  • Despite a major security threat, Bybit protected all user funds with zero loss, thanks to its 1:1 reserve guarantee, and recovered over $29.7 million through its LazarusBounty program.

  • The platform boasts over 2 million users of its Bybit Card, accepted at more than 150 million merchants worldwide via Mastercard, Apple Pay, and Google Pay.

  • CEO Ben Zhou emphasized trust, transparency, and regulatory compliance as core to Bybit’s long-term vision of becoming the most trusted gateway to Web3, integrating AI, asset tokenization, and global regulation.

  • The 1H 2025 Half-Year Report highlights Bybit’s resilience and growth during a challenging period marked by the Lazarus Group’s cyberattack, which it defended against without client fund loss.

Summary based on 3 sources


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