☠️ After a $1.45 Billion Hack, Crypto Exchange Bybit Strengthens Its Security

☠️ After a $1.45 Billion Hack, Crypto Exchange Bybit Strengthens Its Security

In response to the incident, Bybit announced a partnership with UK-based firm Zodia Custody🇬🇧, which specializes in security for institutional clients. Backed by traditional financial institutions such as Standard Chartered, Zodia offers segregated custody and off-exchange settlement services.

➡️ With this new structure, users can trade on Bybit without their assets ever leaving Zodia’s custody, reducing exposure to risks and avoiding the commingling of funds.

➡️ Context: In just the first quarter of 2025, crypto-related cyberattack losses totaled $1.67 billion, a 303% increasecompared to the previous quarter. The Bybit incident was the most severe, followed by Phemex🇸🇬, which lost $71 million.

#news #Europe #Asia #crypto

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