Bybit report shows strong recovery from Lazarus cyberattack and expans

The world’s second largest crypto exchange by trading volume, Bybit report has been published for the half-year 2025, highlighting how it overcame one of the toughest phases in crypto history and used it as a launchpad for growth, security and compliance.

Battling one of the Biggest cyberattacks

Bybit report, first half of 2025 was shaped by a massive $1.4 billion cyberattack carried out by the Lazarus Group (North Korean hacker group) in February 2025 on one of the firm's vendors.

Importantly the stolen Ethereum was taken from a third-party custodian and not from firm’s system. Still the exchange took full responsibility in leading the industry response.

The firm rolled out real time updates, presented onchain proofs, commissioned nine separate audits and introduced over 50 news security measures. It also launched a bounty program and stepped up its asset tracing efforts.

Strengthening Compliance and regulation
Regulation played a major role in company's strategy. The company got a MiCAR license which authorizes it to operate legally across all 29 countries in the European Economic.

Co-founder and CEO of firm, Ben Zhou said that “ Trust is the foundation of everything they do at platform. They have proven that they act with full transparency, especially when matters most.”

Through its new Bybit.eu platform it now offers local onboarding, fiat transaction options and plans to add MiFID compliant derivatives in the coming months.

The Bybit report stayed strong in 2025 with zero user fund loss, quick BTC liquidity recovery and 70M+ users. It launched stocks trading, expanded its card to 2M+ users, boosted security, gained EU license and supported global aid.

Source: Official site

Expanding global presence

Apart from Bybit report the firm is also growing its physical footprint. New offices are already live in Poland, Portugal and Spain with the further expansion lined up for France, Germany, Italy and Romania.

In the UAE the exchange has received initial approval from Abu Dhabi’s Securities and Commodities Authority while registration with India’s FIU has opened doors for regulated operations there as well.

Innovation at the core

The Bybit report also highlights its push into AI-powered tools, real world asset tokenization and advanced trading features. These steps show its commitment in structuring how users are interacting with crypto assets and making Web3 more accessible to everyday users.

Conclusion

Bybit report H1 2025 shows that the firm not only overcame one of the biggest crises in crypto but turned it into proof of resilience. With stronger security, global licenses and growing presence the firm is positioning itself as the most trusted gateway to Web3.