Bybit Company Cyber Security Posture
bybit.comSince its inception in March 2018, Bybit has emerged as a leading cryptocurrency exchange, offering a comprehensive suite of tailored crypto services and product solutions meticulously crafted for retail and institutional traders alike. Trusted by millions worldwide, Bybit continues to push the boundaries of innovation, consistently refining and expanding its multi-spectral product offerings. At the heart of Bybit's mission lies the unwavering commitment to providing a secure, reliable, and transparent trading platform that empowers investors to seamlessly navigate the dynamic world of crypto. Whether you seek to explore Spot or Derivatives trading, harness the potential of Mining and Staking products, or leverage API support for algorithmic trading, Bybit empowers you to take control of your crypto journey. As pioneers in the ever-evolving Web3 landscape, Bybit meticulously curates and incubates innovative crypto projects, decentralized solutions, and data-driven research, fostering a vibrant ecosystem of crypto education and growth opportunities. Our core values of empathy, responsiveness, and continuous improvement permeate every aspect of our operations, shaping an inclusive environment where every individual feels valued and empowered. Bybit actively collaborates with regulatory bodies and institutions worldwide, playing a pivotal role in establishing robust safety and security frameworks, paving the way for a secure and dynamic future of crypto. Embrace the Digital Revolution with Bybit: Your Trusted Partner in the Crypto Frontier. #TheCryptoArk #Bybit
Bybit Company Details
bybitexchange
2405 employees
317545.0
52
Financial Services
bybit.com
Scan still pending
BYB_1000687
In-progress
Bybit Risk Score (AI oriented)Between 800 and 900
This score is AI-generated and less favored by cyber insurers, who prefer the TPRM score.
Bybit Global Score.png)
Bybit Company Scoring based on AI Models
| Model Name | Date | Description | Current Score Difference | Score |
|---|---|---|---|---|
| AVERAGE-Industry | 03-12-2025 | This score represents the average cybersecurity rating of companies already scanned within the same industry. It provides a benchmark to compare an individual company's security posture against its industry peers. | N/A | Between 800 and 900 |
Bybit Company Cyber Security News & History
| Entity | Type | Severity | Impact | Seen | Url ID | Details | View |
|---|---|---|---|---|---|---|---|
| ByBit | Breach | 100 | 5 | 2/2025 | BYB000022325 | Link | |
Rankiteo Explanation : Attack threatening the organization’s existenceDescription: ByBit, a cryptocurrency exchange platform, experienced the largest crypto theft in history with a staggering loss of $1.4 billion due to a security breach involving a 'musked transaction'. As a result of this heist, hackers managed to infiltrate the exchange's Ethereum-based holdings, compromising a significant stockpile of Ethereum. Although ByBit's CEO Ben Zhou assured that no user funds would be lost and withdrawals remained normal, the magnitude of the theft not only sets a new precedent in crypto crime but also raises severe concerns regarding the security of digital assets. | |||||||
| Bybit | Cyber Attack | 100 | 2 | 7/2025 | BYB404071725 | Link | |
Rankiteo Explanation : Attack limited on finance or reputationDescription: In February 2025, hackers connected to North Korea stole $1.5 billion from Dubai-based crypto platform Bybit. This incident is the largest-ever crypto theft and accounts for 69% of all funds stolen this year. The attack highlights the vulnerability of even sophisticated industry entities to advanced persistent threats and the unprecedented risks faced by individual holders of cryptocurrency. | |||||||
Bybit Company Subsidiaries
Since its inception in March 2018, Bybit has emerged as a leading cryptocurrency exchange, offering a comprehensive suite of tailored crypto services and product solutions meticulously crafted for retail and institutional traders alike. Trusted by millions worldwide, Bybit continues to push the boundaries of innovation, consistently refining and expanding its multi-spectral product offerings. At the heart of Bybit's mission lies the unwavering commitment to providing a secure, reliable, and transparent trading platform that empowers investors to seamlessly navigate the dynamic world of crypto. Whether you seek to explore Spot or Derivatives trading, harness the potential of Mining and Staking products, or leverage API support for algorithmic trading, Bybit empowers you to take control of your crypto journey. As pioneers in the ever-evolving Web3 landscape, Bybit meticulously curates and incubates innovative crypto projects, decentralized solutions, and data-driven research, fostering a vibrant ecosystem of crypto education and growth opportunities. Our core values of empathy, responsiveness, and continuous improvement permeate every aspect of our operations, shaping an inclusive environment where every individual feels valued and empowered. Bybit actively collaborates with regulatory bodies and institutions worldwide, playing a pivotal role in establishing robust safety and security frameworks, paving the way for a secure and dynamic future of crypto. Embrace the Digital Revolution with Bybit: Your Trusted Partner in the Crypto Frontier. #TheCryptoArk #Bybit
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Bybit Cyber Security News
Crypto's biggest hacks and heists after $1.5 billion theft from Bybit
LONDON, Feb 24 (Reuters) - Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, ...
Investigative Journalist Deep Dives Into The Bybit Hack
CTRL, ALT, HACKED. 00:00. Listen! @SteveWoz, Co-Founder of @Apple #Phreaks Out On The History Of #Hacking w ...
Safe{Wallet} Confirms North Korean TraderTraitor Hackers Stole $1.5 Billion in Bybit Heist
There is prior evidence indicating that the TraderTraitor actors have tricked cryptocurrency exchange developers into helping troubleshoot a ...
Hackers steal $1.5bn from crypto exchange in ‘biggest digital heist ever’
The Dubai-based crypto platform said an attacker gained control of a wallet of Ethereum, one of the most popular digital currencies after ...
Verifiable Builds Could Have Prevented the ByBit Hack
The crypto world was recently rocked by yet another high-profile exploit. This time, the target was ByBit, the world's second-largest ...
Bybit: when hackers target people, not systems
The bottom line is that the Bybit hack wasn't a failure of blockchain security - the attackers didn't crack an impenetrable system; they ...
Opinion: Bybit Hack Proves Crypto Cybersecurity Is a Giant on Clay Feet
The recent Bybit hack, the largest crypto theft in history, has exposed a hard truth: Web3's greatest security threat isn't just sophisticated ...
Crypto exchange Bybit says it fully replenished reserves after record $1.5 billion hack
Bybit said it replenished its reserves following a $1.5 billion hack last week, the largest in the history of the crypto industry. In less than ...
The Bybit Hack: Following North Korea’s Largest Exploit | TRM Blog
The Bybit hack is the latest in a series of high-profile cryptocurrency thefts attributed to North Korea's Lazarus Group. Lazarus Group is not ...
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Frequently Asked Questions
Explore insights on cybersecurity incidents, risk posture, and Rankiteo's assessments.
Bybit CyberSecurity History Information
How many cyber incidents has Bybit faced?
Total Incidents: According to Rankiteo, Bybit has faced 2 incidents in the past.
What types of cybersecurity incidents have occurred at Bybit?
Incident Types: The types of cybersecurity incidents that have occurred incidents Breach and Cyber Attack.
What was the total financial impact of these incidents on Bybit?
Total Financial Loss: The total financial loss from these incidents is estimated to be $2.90 billion.
Incident Details
Can you provide details on each incident?
Incident : Cryptocurrency Theft
Title: Bybit Crypto Theft
Description: Hackers connected to North Korea stole $1.5 billion from Dubai-based crypto platform Bybit in February 2025.
Date Detected: 2025-02-01
Type: Cryptocurrency Theft
Attack Vector: Advanced Persistent Threat
Threat Actor: North Korea
Motivation: Financial Gain
Incident : Crypto Theft
Title: ByBit Cryptocurrency Exchange Theft
Description: ByBit, a cryptocurrency exchange platform, experienced the largest crypto theft in history with a staggering loss of $1.4 billion due to a security breach involving a 'musked transaction'. As a result of this heist, hackers managed to infiltrate the exchange's Ethereum-based holdings, compromising a significant stockpile of Ethereum. Although ByBit's CEO Ben Zhou assured that no user funds would be lost and withdrawals remained normal, the magnitude of the theft not only sets a new precedent in crypto crime but also raises severe concerns regarding the security of digital assets.
Type: Crypto Theft
Attack Vector: Musked Transaction
Threat Actor: Hackers
Motivation: Financial Gain
What are the most common types of attacks the company has faced?
Common Attack Types: The most common types of attacks the company has faced is Breach.
Impact of the Incidents
What was the impact of each incident?
Incident : Cryptocurrency Theft BYB404071725
Financial Loss: $1.5 billion
Brand Reputation Impact: Significant
Incident : Crypto Theft BYB000022325
Financial Loss: $1.4 billion
Brand Reputation Impact: Severe Concerns
What is the average financial loss per incident?
Average Financial Loss: The average financial loss per incident is $1.45 billion.
Which entities were affected by each incident?
Incident : Cryptocurrency Theft BYB404071725
Entity Type: Crypto Platform
Industry: Financial Services
Location: Dubai
Incident : Crypto Theft BYB000022325
Entity Type: Cryptocurrency Exchange
Industry: Financial Services
References
Where can I find more information about each incident?
Incident : Cryptocurrency Theft BYB404071725
Source: Chainalysis
Incident : Cryptocurrency Theft BYB404071725
Source: TRM Labs
Where can stakeholders find additional resources on cybersecurity best practices?
Additional Resources: Stakeholders can find additional resources on cybersecurity best practices at and Source: Chainalysis, and Source: TRM Labs.
Investigation Status
What is the current status of the investigation for each incident?
Incident : Cryptocurrency Theft BYB404071725
Investigation Status: Ongoing
Additional Questions
General Information
Who was the attacking group in the last incident?
Last Attacking Group: The attacking group in the last incident were an North Korea and Hackers.
Incident Details
What was the most recent incident detected?
Most Recent Incident Detected: The most recent incident detected was on 2025-02-01.
Impact of the Incidents
What was the highest financial loss from an incident?
Highest Financial Loss: The highest financial loss from an incident was $1.5 billion.
References
What is the most recent source of information about an incident?
Most Recent Source: The most recent source of information about an incident are Chainalysis and TRM Labs.
Investigation Status
What is the current status of the most recent investigation?
Current Status of Most Recent Investigation: The current status of the most recent investigation is Ongoing.
What Do We Measure?
Every week, Rankiteo analyzes billions of signals to give organizations a sharper, faster view of emerging risks. With deeper, more actionable intelligence at their fingertips, security teams can outpace threat actors, respond instantly to Zero-Day attacks, and dramatically shrink their risk exposure window.
These are some of the factors we use to calculate the overall score:
Identify exposed access points, detect misconfigured SSL certificates, and uncover vulnerabilities across the network infrastructure.
Gain visibility into the software components used within an organization to detect vulnerabilities, manage risk, and ensure supply chain security.
Monitor and manage all IT assets and their configurations to ensure accurate, real-time visibility across the company's technology environment.
Leverage real-time insights on active threats, malware campaigns, and emerging vulnerabilities to proactively defend against evolving cyberattacks.
