Bybit Fintech Limited has announced new security measures in response to a $1.45 billion asset loss due to an attack in February 2025. The partnership with Zodia Custody aims to protect clients' funds.
Bybit’s Security Measures
The introduction of new initiatives is aimed at segregating crypto assets and minimizing potential risks. Zodia Custody, supported by major financial institutions, provides a clearer structure than traditional exchange wallets.
> Bybit Fintech Limited: We are strengthening our security measures to protect our assets.
New Approach for Institutional Clients
With the new system, institutional clients can independently hold their assets in Zodia Custody while trading on Bybit. This approach seeks to minimize risks associated with funds stored directly on exchanges.
Perspectives and Expectations
With the introduction of new measures, market observers believe this could create a more organized structure for crypto asset transactions and enhance investor confidence. The goal is to protect institutional investors from potential issues arising on centralized exchanges. In light of increasing cyber threats and fraud cases, Bybit’s security update is expected to yield positive outcomes for both investors and the industry.
Strengthening security measures at Bybit aims to prevent similar incidents from occurring in the future and create a safer environment for clients.
