bybit

According to CoinDesk, documents from the asset seizure order released by the U.S. Department of Justice (DoJ) show that the military branch of Hamas, the Al-Qassam Brigades, suggested in a letter to potential donors not to use Binance for transferring funds, but instead recommended platforms such as Bybit, OKX, Kast, and Redotpay. The letter advised using Tether's USDT stablecoin and the TRC-20 network, which is used to create and manage fungible tokens on the Tron blockchain.The Al-Qassam Brigades stated in the letter: "It is best not to use the 'Binance' platform for transferring support, and do not input any data indicating our official name, to avoid your wallet being blocked, and for your safety (inputting any fictitious data as the recipient); you can transfer through applications like Trust Wallet, RedotPay, OKX, Kast, BYBIT, etc." The organization claimed that Binance "can only be used to purchase currency, and then another application is needed to complete the transfer process."Binance's Chief Compliance Officer Noah Perlman responded that the terrorist organization's suggestion for people to avoid Binance indicates that its control measures are working. OKX stated that the wallet address mentioned in the February 10, 2025 communication is unrelated to them and has been identified by their internal controls as being associated with illegal activities, and related transfers will be flagged and blocked. Kast stated that it has a dedicated financial crime compliance department. The U.S. Treasury noted in its 2026 Terrorism Financing Risk Assessment that organizations such as Hamas and ISIS continue to use digital assets for donations and transfers.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, Bybit had the largest increase among the top 10 exchanges, reaching 1.50%; Bitget had the largest decrease, dropping by 2.98%.In terms of exchange asset transparency proof, in the past 7 days, the top three net outflows were Bybit (-436 million USD), Binance (-156 million USD), and Bitget (-128 million USD); the top three net inflows were Deribit (+241 million USD), Bitfinex (+119 million USD), and MEXC (+102 million USD).

Cryptocurrency exchange Bybit announced the launch of USDT-settled forex perpetual contracts, covering three major currency pairs: Euro/USD, Pound/USD, and Dollar/Yen, supporting up to 100x leverage, and offering 24/7 trading. This product belongs to Bybit's TradFi perpetual contract series, which has included over 200 assets since its launch in April this year, covering stocks, commodities, ETFs, and pre-IPO companies. According to data from the Bank for International Settlements, the global forex market's average daily over-the-counter trading volume reached $9.6 trillion in April 2025, making it the largest and most liquid financial market in the world. Bybit is not the first cryptocurrency exchange to venture into forex perpetual contracts; Kraken launched five forex perpetual contracts with up to 50x leverage in April 2025, while BitMEX launched six similar products with up to 100x leverage in April 2026.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, Bybit had the largest decrease at 1.5%; OKX had the largest increase at 1.4%.In terms of exchange asset transparency proof, in the past 7 days, only two exchanges experienced net outflows of reserve assets, with Bybit and MEXC seeing net outflows of 59.493 million USD and 50.7179 million USD respectively; the top three net inflows were Binance (+518 million USD), Bitfinex (+203 million USD), and Bitget (+82.6782 million USD).

According to on-chain analysts' monitoring, the Ethena project's associated address, after being dormant for 2 years, is suspected to have liquidated its holdings. 14 million ENA (worth 6.89 million dollars at the time of receipt, with a coin price of 0.4928 dollars) was fully deposited into Bybit 6 hours ago, leaving only 2.41 million dollars, a decrease of 4.48 million dollars compared to the time of receipt, and a decline of over 8.735 million dollars from its peak.

The cryptocurrency exchange Bybit's payment department Bybit Pay has completed integration with the cryptocurrency payment infrastructure provider Mesh. Users can now directly use their Bybit account balance for payments or account top-ups on supported platforms without needing to withdraw assets or transfer them to other platforms first.Users can directly select Bybit Pay as the payment method during settlement or recharge. For merchants already integrated with Mesh, Bybit Pay can be added as a payment option through existing integrations, reaching the 80 million users claimed by Bybit. Bybit stated that this integration also supports programmable settlement options, allowing merchants to control the payment settlement methods and timing across different markets.Mesh stated that its network is connected to over 300 wallets, exchanges, and financial service platforms. In January of this year, the company completed a $75 million Series C funding round led by Dragonfly, achieving a valuation of $1 billion, with total funding exceeding $200 million, and plans to expand into the Latin American, Asian, and European markets.

Cryptocurrency exchange Bybit announced the appointment of Sean Ballard as the Head of Derivatives and Institutional Business. Ballard will play a key role in strengthening trading infrastructure, risk frameworks, and institutional capabilities, with responsibilities covering trading risk and exchange technology.Ballard has over 25 years of experience in global financial markets, encompassing derivatives, high-frequency trading, trading risk, market structure, and exchange technology. Before joining Bybit, he worked at Jump Trading, where he led the company's high-frequency futures trading operations in the United States, Europe, the Middle East, Africa, and Latin America, managing portfolios and collaborating with global exchanges and regulators on market structure, trading performance, and infrastructure. During his time at Jump Trading, he also served as a senior trader on the Jump Crypto team, managing centralized exchange trading and driving strategic partnerships related to ecosystem growth.At Bybit, Ballard will enhance the institutional trading experience through market infrastructure, risk management, and product development. Bybit Institutional has introduced professional services such as bank tripartite arrangements over the past year, allowing institutions to manage counterparty risk through regulated custody while retaining full trading authority; the market maker gateway has reduced latency for high-frequency and quantitative clients from 4 milliseconds to 1.5 milliseconds. Starting July 2026, Finloop's AAA-rated USD money market fund FUIDL will be available as trading collateral on Bybit.

According to DeFiLlama data, the top three centralized exchanges by net inflow of funds in the past 24 hours are Binance at $113 million, Bitget at $86.83 million, and Bybit at $67.52 million, with a total net inflow exceeding $267 million.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, OKX had the largest increase at 0.86%; Bybit had the largest decrease at 3.07%.In terms of exchange asset transparency proof, the top three for net outflow of reserve assets were Bybit (-$119 million), Bitget (-$88.7415 million), and Bitfinex (-$31.471 million); for net inflow, Binance had the highest inflow at $8.85 billion, followed by OKX (+$7.67239 million) and Deribit (+$4.03394 million).

According to OnchainLens monitoring, a certain whale unstaked 907,200 HYPE tokens, worth approximately 7.59 million USD, after staking for 4 months, and transferred them to the Bybit platform.

According to Cointelegraph, the cryptocurrency exchange MEXC has chosen Bybit EU, which has obtained MiCAR authorization, as the recommended alternative platform for Dutch users before exiting the Dutch market. MEXC is preparing to cease its related services in the Netherlands and guide local users to migrate to compliant exchanges.Bybit EU has obtained authorization under the EU Markets in Crypto-Assets Regulation (MiCAR) to provide compliant services in the relevant jurisdictions. This move aims to help Dutch users continue to access trading services after MEXC's exit while complying with local regulatory requirements.

According to the data panel on the ChainCatcher official website, in the past 7 days, the balance of the Gate BTC wallet increased the most, reaching 3.43%; the exchange asset transparency proof data shows that the top three net inflows in the past 7 days were Gate (+287 million USD), Binance (+281 million USD), and Bybit (+189 million USD).

According to DeFiLlama data, the top three centralized exchange (CEX) net inflows in the past 24 hours are: Binance ($234 million), Bybit ($51.55 million), and Bitget ($17.56 million).

According to Onchain Lens monitoring, the World Liberty Financial team wallet supported by Trump (0xE853...D5743) transferred 39 million WLFI to Bybit after being inactive for 30 days, worth 2.33 million USD.The wallet received an equivalent amount of WLFI from the WLFI treasury two days ago.

Cryptocurrency exchange Bybit has filed a civil lawsuit in the United States District Court for the District of Columbia, suing North Korea, the North Korean Reconnaissance General Bureau, and the hacker group Lazarus Group, regarding a theft incident of approximately $1.5 billion in February 2025. Bybit stated that the judge has approved a preliminary injunction prohibiting the transfer or disposal of identified stolen assets during the case proceedings, and believes that Bybit has a high likelihood of success on the merits.The lawsuit also lists unknown individuals and entities holding or transferring the relevant funds as John Doe defendants. Bybit disclosed that approximately $48.4 million has been recovered, and about $30.5 million has been frozen across more than 28 exchanges and custodians, together accounting for approximately 5% of the stolen amount. The attackers transferred about 500,000 ETH from Bybit's cold wallet in February 2025, with most of the funds subsequently exchanged for Bitcoin via Thorchain and transferred through mixing services. Bybit stated that the case is progressing in parallel with a criminal investigation.

In 2025, the amount of cryptocurrency theft reached $3.4 billion, with Bybit suffering a loss of $1.5 billion, accounting for 44% of the total for the year. In the first half of 2026, there were 212 related incidents, resulting in losses of approximately $1.1 billion, with about 55% involving the Lazarus-linked group. KelpDAO was attacked in April, resulting in a loss of $293 million.Stolen funds typically undergo a three-phase transfer process lasting about 45 days: the first 5 days involve exchanging through DeFi protocols and entering mixing services, followed by cross-chain bridging and flowing through trading platforms with lower KYC requirements. During the 20 to 45 days period, funds are further cashed out in batches through non-KYC platforms, instant exchangers, and over-the-counter trading networks. Once funds cross multiple blockchains, mixing services, and jurisdictions, tracking may still be possible, but the difficulty of recovery significantly increases. The recovery rate of stolen funds from Bybit is less than 5%; Tether and Circle can freeze USDT and USDC addresses, and attackers typically exchange stablecoins for Ethereum or Bitcoin within minutes after the attack.

Cryptocurrency exchange Bybit has filed a civil lawsuit against the Democratic People's Republic of Korea, its intelligence agency Reconnaissance General Bureau (RGB), and the state-sanctioned hacking organization Lazarus Group, involving a $1.5 billion hacking incident.A U.S. federal court has issued a preliminary injunction prohibiting the transfer or dissipation of identified assets related to the case during the litigation period.

According to the latest stock spot exchange ranking data released by RootData, as U.S. stocks surged and the S&P 500 reached a new high, the 24-hour trading volume among the top ten exchanges showed significant divergence. As of the time of publication, Bybit's 24-hour trading volume was $17.2742 million, an increase of 50.83%.