Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released its 1H 2025 Half-Year Report on August 25, 2025, showcasing its ability to transform challenges into opportunities. Despite a $1.4 billion cyberattack by the Lazarus Group, Bybit demonstrated operational resilience, introduced AI-driven tools, and expanded its regulatory presence, reinforcing its leadership in the crypto industry.
Bybit overcomes $1.4B Lazarus Group cyberattack with zero client fund loss.
Secures MiCAR license in Austria, serving 450M+ Europeans across 29 EEA countries.
Over 70M registered users, solidifying Bybit as #2 crypto exchange globally.
TradeGPT AI tool empowers 5M+ users for smarter trading decisions.
Launches 78 TradFi instruments and 10+ tokenized stocks like AAPL, TSLA.
Implements 50+ security upgrades and full Proof-of-Reserves for trust.
In early 2025, Bybit faced a $1.4 billion cyberattack on a vendor by the Lazarus Group, one of the largest threats in crypto history. Bybit's swift response ensured zero client fund loss, with its 1:1 reserve guarantee safeguarding user assets. The LazarusBounty program froze $73.36M and recovered $29.7M, tracing over $141M in illicit flows. Within 30 days, BTC market depth rebounded to $13M/day, showcasing Bybit's leadership in liquidity recovery and crisis management.
Bybit secured a MiCAR license in Austria, enabling it to offer regulated crypto services to over 450 million Europeans across 29 EEA countries. "Trust is the foundation of everything we do at Bybit. We've proven not only that we're solvent and secure, but also that we act with full transparency—especially when it matters most," said Ben Zhou, co-founder and CEO of Bybit. This milestone reflects Bybit’s commitment to compliance and its vision to be the most trusted Web3 gateway.
Bybit’s AI-powered trading assistant, TradeGPT, has attracted over 5 million users, enabling smarter and faster trading decisions. This tool exemplifies Bybit’s focus on leveraging artificial intelligence to enhance user experience and democratize access to sophisticated trading strategies. By integrating AI, Bybit empowers both retail and institutional investors to navigate volatile markets effectively.
Bybit expanded its offerings with 78 traditional finance instruments and over 10 tokenized stocks, including AAPL, TSLA, and SPY, through Bybit TradFi and xStocks on Spot. This initiative bridges traditional finance (TradFi) and decentralized finance (DeFi), bringing global markets on-chain. Additionally, over 2 million users leverage the Bybit Card, accepted at 150 million+ global merchants via Mastercard, Apple Pay, and Google Pay, enhancing crypto’s role in everyday transactions.
Following the cyberattack, Bybit implemented over 50 security upgrades after conducting nine comprehensive audits within a month. The exchange also achieved full Proof-of-Reserves, setting new industry benchmarks for transparency and trust. These measures ensure user assets remain secure, reinforcing Bybit’s position as a reliable platform in the crypto ecosystem.
Bybit pledged over $2 million to global initiatives, including earthquake relief in Tibet, Myanmar, and Thailand, flood aid in South Africa, $1 million in impact investments via the Blockchain for Good Alliance in Latin America, and over $200,000 in scholarships for students in Africa and Korea. These efforts highlight Bybit’s dedication to social responsibility and community impact.
Bybit’s 1H 2025 Half-Year Report illustrates its resilience, innovation, and leadership in the crypto industry. With over 70 million registered users, a robust AI-driven platform, and a commitment to regulatory compliance and social good, Bybit is shaping the future of Web3. As it looks to the second half of 2025, Bybit aims to redefine crypto’s role in traditional finance, driving broader adoption and setting new industry standards.
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