Overview
- Bybit reported that its H1 2026 Risk & Security Report, covering January 1 through June 15, blocked more than 30,000 suspicious withdrawal requests and protected nearly 20,000 users from over $700 million in potential losses.
- The exchange describes a three‑layer defence made of account controls, 100% business‑relevant on‑chain monitoring, and AI‑assisted security operations that processed more than 100,000 alerts and sped testing from about two weeks to roughly two hours.
- Bybit says it identified roughly $212 million in on‑chain funds potentially linked to fraud and blacklisted over 10,000 malicious addresses while handling 10 token incidents without platform losses.
- The company has pursued a U.S. civil suit seeking recovery for the Feb. 21, 2025 breach that drained about $1.46 billion and won a preliminary injunction to freeze some identifiable assets, but tracing and reclaiming stolen crypto remains hampered by cross‑chain conversions, mixers and OTC trades.
- Industry context shows most 2026 losses came from compromised keys and infrastructure rather than smart‑contract exploits, which means continuous monitoring, stronger key management and human review will shape how users and exchanges reduce future losses.