Tag: Bybit

Cryptocurrency exchange giant Bybit has expanded its Bybit Card cashback program by adding USD Coin (USDC), enhancing users’ ability to earn crypto rewards through everyday transactions. Starting April 25, cardholders can now choose to receive cashback in USDC, joining existing reward options such as USDT, BTC, and AVAX. With this ...

Avalon Labs has launched an institutional layer on Bybit to improve Bitcoin lending and yield opportunities for institutional investors. The new platform is designed to provide a secure and efficient environment for institutions to engage in Bitcoin lending activities, offering advanced risk management tools and customized services. The institutional layer ...

Bybit has launched a new BTC staking campaign through its Web3 platform, offering users fresh incentives to explore decentralized finance (DeFi) rewards. The initiative, which runs from April 11 to May 9, is powered by a partnership with Lombard Finance—the team behind LBTC, the leading liquid staked BTC token. Through ...

Bybit has launched Equity Trailing Stop, an automated tool designed to help traders manage risk and lock in profits.  Emphasizing its benefits, Bybit highlights the tool’s automated risk management, which integrates with trading bots and provides 24/7 market monitoring. Traders can adjust take-profit and stop-loss levels to reduce retracement risks ...

Bybit CEO Ben Zhou has revealed that hackers responsible for stealing around 500,000 ETH, valued at approximately 1.4 billion, increasingly rely on crypto mixers to obscure their tracks. Despite these efforts, about 88.87% of the stolen funds remain traceable, 7.59% have gone entirely dark, and 3.54% have been frozen. According ...

Bybit CEO Ben Zhou has addressed the recent liquidation of a massive Ethereum (ETH) position on Hyperliquid, shedding light on the challenges of managing high-leverage trading on decentralized exchanges (DEXs) and centralized exchanges (CEXs). The incident involved a whale holding a long ETH position valued at approximately 300 million, backed ...

Bybit has outpaced its competitors in providing liquidity for cryptocurrencies' spot trading. In its press release, the exchange claimed that the data collected between February 27 and March 3, 2025, shows a substantial increase in liquidity across key trading pairs on its platform. It reported that it achieved three times ...

Bybit has confirmed that it is behind a proposal requesting the return of fees earned by DeFi protocol ParaSwap from transactions linked to the Lazarus Group.  The North Korean hacking group allegedly used digital assets stolen from Bybit to conduct swaps on ParaSwap, prompting the exchange to seek the recovery ...

Bybit has joined global financial leaders in tackling cross-border payment challenges for small and medium-sized enterprises (SMEs). The exchange participated in the Inclusive FinTech Forum at the Kigali International Financial Centre, where industry experts explored ways to enhance financial accessibility and streamline international transactions. Representing Bybit, Chief Legal & Compliance ...

North Korea’s notorious cybercrime syndicate, the Lazarus Group, has successfully laundered the entirety of the 499,000 ETH stolen in the recent Bybit hack, amounting to approximately $1.39 billion, in just ten days, according to on-chain analyst EmberCN. According to a March 4 post on X by on-chain analyst EmberCN, Tracking ...