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Bybit Blocks $300M in Scam Withdrawals Amid $17B Crypto Fraud in 2025
First seen 28 Feb 2026, 14:09 UTC
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Bybit, the second-largest cryptocurrency exchange, announced its 2025 Security Initiative results, revealing it intercepted $300 million in scam withdrawals. In 2025, approximately $17 billion in cryptocurrency was lost to scams, prompting Bybit to shift to a proactive security strategy that flagged $500 million in suspicious withdrawals, protecting over 4,000 users.
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Timeline
2025-01-01
Bybit implements new proactive security strategy
2025-10-01
Bybit flags $500 million in suspicious withdrawals
2025-12-31
Bybit intercepts $300 million in scam withdrawals
2026-02-28
Bybit announces 2025 Security Initiative results
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