Bybit Repaid $100M Loan to Bitget After 3 Days, While Hacker Launders Stolen $250M in ETH

Bybit has returned a $100 million loan, equal to 40,000 Ethereum (ETH), to Bitget after just three days—the cryptocurrency community was not expecting this! The loan was extended to Bybit when it was going through a tough time, and this rapid return of funds shows that Bybit is back and on the way to recovery. … Read more

Bybit Hack Update: Recovery Efforts in Full Swing as Funds Are Frozen and Lost ETH Covered

Following a recent security breach, Bybit, one of the top cryptocurrency exchanges, has provided an official update regarding the hack that saw a significant amount of Ether (ETH) taken from its platform. The exchange’s CEO, Ben Zhou, has confirmed that all Ether losses have been covered and that funds taken by the hacker are in … Read more

Bybit Introduces bbSOL with Lucrative Mining and Staking Rewards

Bybit, a leading cryptocurrency exchange, has expanded its product offerings with bbSOL, a SOL liquidity staking token that promises higher rewards for participants. The platform has dedicated substantial resources to promoting bbSOL, opening multiple Launchpools to facilitate mining and providing options for investors to optimize returns. This innovative product is modeled after Ethereum’s stETH, allowing … Read more

Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

Malaysia has ordered Bybit to halt its crypto exchange operations in the country, as regulators crack down on unregistered platforms. Bybit Faces Enforcement in Malaysia Over Unregistered Crypto Exchange Operations The Securities Commission Malaysia (SC) announced on Dec. 27 that it has taken enforcement measures against Bybit Technology Ltd. and its CEO, Ben Zhou, citing … Read more

French Bybit Users Face Service Shutdown—Withdrawals End in Weeks

Crypto exchange Bybit will cease withdrawal and custody services for French users starting Jan. 8, 2025, citing regulatory changes, urging users to withdraw assets promptly to avoid disruptions. Bybit to End Withdrawals in France Bybit, a global cryptocurrency exchange, has announced it will no longer provide withdrawal and custody services to users in France, starting … Read more

Bybit Rallies to Support Flood-Stricken Communities in Spain: A Commitment to Recovery

Bybit has announced its commitment to assist communities affected by the catastrophic floods in Valencia and other regions of Spain, which have resulted in over 200 fatalities, thousands of displaced individuals, and extensive infrastructure damage. In partnership with the local non-profit organization Admundi, which focuses on improving the lives of impoverished children, Bybit is mobilizing … Read more