Bybit Blocks $700M in Potential Losses After Implementing Enhanced Security Measures

Crypto exchange Bybit has been expanding its security measures following a massive $1.46 billion theft in February 2025.

In the first half of 2026, the company blocked over $700 million in potential user losses, with more than 30,000 suspicious withdrawal requests flagged and nearly 20,000 users protected from potential losses.

The exchange has also increased its use of AI and automation in security operations, processing over 100,000 security alerts with AI-assisted analysis and reducing the time between security assessment and testing to under two hours.