Bybit helps users recover over $300 million and blocks 3 million account theft cases

TapChiBitcoin

2026-03-03 02:44:44

Abstract generation in progress

Cryptocurrency exchange Bybit announced that their AI-powered on-chain monitoring system has helped tens of thousands of users recover more than $300 million in lost assets. According to the announcement, the platform also successfully prevented over 3 million credential stuffing attacks—an account hijacking method that exploits leaked login data.

Bybit emphasized increased investment in security technology to combat increasingly sophisticated fraud models in the cryptocurrency space. Additionally, the exchange is collaborating with blockchain analysis firms including TRM Labs, Elliptic, and Chainalysis to share data, expand monitoring networks, and trace scam activities across the ecosystem. This move is expected to enhance the overall cybersecurity defenses of the market against cyber threats.

CHO-0.1%

ON-4.3%

XCH1.93%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.