The Bybit report for the first half of 2025 illustrates how the company overcame one of the most severe cyberattacks in crypto history and turned it into an opportunity for growth.
Cyberattack on Bybit
In the first half of 2025, Bybit faced a cyberattack orchestrated by the Lazarus Group, resulting in a theft of $1.4 billion. However, the stolen Ethereum was taken from a third-party custodian, allowing the exchange to avoid user fund losses. The company took full responsibility for the incident and implemented over 50 new security measures.
Strengthening Compliance
A crucial part of the company's strategy was regulatory compliance: Bybit received a MiCAR license, allowing it to operate legally across all 29 countries in the European Economic Area. Co-founder and CEO Ben Zhou stated that "trust is the foundation of everything they do on the platform."
Global Expansion and Innovation
Bybit continues to expand its physical presence with new offices in Poland, Portugal, and Spain and plans for further expansion in other countries. The exchange has also intensified its efforts to incorporate AI-driven tools and real asset tokenization, demonstrating its commitment to making crypto asset interaction more accessible to everyday users.
The Bybit report for H1 2025 shows that the firm not only overcame one of the biggest crises in crypto but also strengthened its position through security and innovation.
