Bybit reports strong H1 2025 results amid cyberattack and AI push
DUBAI, UAE, August 25 – Bybit, the world’s second-largest cryptocurrency exchange, has published its Half-Year 2025 report, showing resilience in the wake of a major cyberattack while expanding its global reach and AI offerings.
The first half of the year was overshadowed by a $1.4 billion hack on one of its vendors, linked to the Lazarus Group. Bybit said no customer funds were lost, with its 1:1 reserve guarantee protecting user assets. The exchange reported freezing $73.36 million in assets, recovering nearly $30 million, and tracing over $141 million in illicit flows.
Bybit also strengthened its security framework with more than 50 upgrades following nine independent audits. Bitcoin market depth rebounded to $13 million a day within a month, signaling a swift liquidity recovery.
User growth continued, with more than 70 million registered accounts. Over 5 million traders have adopted TradeGPT, Bybit’s AI-powered assistant. The platform expanded its offerings with 78 traditional finance instruments and tokenized stocks such as Apple and Tesla.
Bybit secured a MiCAR license in Austria, opening access to 450 million people across the European Economic Area. Its payments arm also grew, with more than 2 million Bybit Card users making transactions through Mastercard, Apple Pay, and Google Pay.
CEO Ben Zhou said the results reflected the exchange’s long-term vision.
“Trust is the foundation of everything we do at Bybit,” he noted.
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