Bybit Credits AI with Saving $700 Million After Massive Hack

Bybit's massive $1.46 billion hack has set a new benchmark for centralized exchange risk, but the firm claims that AI saved them $700 million in losses.

The figure is significant because it puts a hard number on the security argument made by bitcoin developers in recent weeks.

While Bybit did not release a detailed breakdown of how the $700 million was calculated, the scale seems plausible when measured against costs such as withdrawal freezes and asset recovery efforts.

The exchange has been rebuilding its infrastructure since the hack, and AI-based monitoring for suspicious withdrawal patterns and address blacklisting have become standard talking points across centralized venues.