Tag: Bybit
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Bybit Suffers $1.4 Billion Hack, Faces $5.5 Billion in Outflows
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Bybit has suffered a devastating security breach, leading to the theft of $1.4 billion in ether from its cold wallet. The attack, allegedly carried out by North Korea’s Lazarus Group, triggered a wave of panic among users, resulting in over $5.5 billion in outflows. According to DeFiLlama, Bybit’s total tracked assets plummeted from $16.9 billion…
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Bybit Confirms Hack as Over $1.4 Billion Worth of ETH Stolen
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Singapore-Based Crypto Exchange Suffers Major Security Breach Bybit, the Singapore-based centralised cryptocurrency exchange, has confirmed that it has been hacked, with early estimates indicating losses exceeding $1.4 billion worth of Ethereum (ETH) and other significant token quantities. The exchange’s CEO, Ben Zhou, revealed the breach on social media platform X, stating that the situation remains…
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Bybit Resumes Operations in India After Paying $1M Fine
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Dubai-based cryptocurrency exchange Bybit has officially registered with India’s Financial Intelligence Unit (FIU-IND) after paying a hefty fine of ₹92.7 million ($1 million). The penalty was imposed due to Bybit operating without authorization, violating India’s Prevention of Money Laundering Act (PMLA). Suspension and Compliance Efforts In January 2025, Bybit halted services for Indian users while…
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Bybit Fined $1M by India’s Financial Regulator Over Compliance Violations
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Crypto Exchange Penalised for Failing to Register Under Money Laundering Laws Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been fined 9.27 crore rupees ($1.06 million) by India’s Financial Intelligence Unit (FIU) for failing to comply with the country’s anti-money laundering regulations. The penalty was issued under the Prevention of Money Laundering Act…