[Losses from Theft Covered by Operating Revenue, Bybit CEO Says Golden Era of Global Exchange Platform Expansion is Over] Odaily Planet Daily News – Bybit CEO Ben Zhou stated that Bybit had offset the losses caused by a North Korean hacker attack through operating revenue, such as transaction fees, by the end of last year. He believes that exchanges will continue to face hacker attacks in the future, and security systems should be designed with the assumption that breaches are inevitable. Ben Zhou remarked that the golden era of global exchange platform expansion has passed, and the industry will see further consolidation. Regional exchanges with licenses and local operational capabilities still have growth opportunities. Bybit's profits have declined year-over-year, and its traditional asset trading business, such as stocks, is currently insufficient to offset the impact of its crypto business. Over the next year, its core strategy will focus on regional development and deep localization, while continuing to evaluate opportunities to collaborate with U.S. local institutions that have a retail user base.