Fake Bybit Demo Account Scam Hits 250 UK Victims
UK victims lose $650K to fake Bybit demo accounts in ‘Ape 31′ crypto hack, with blockchain specialist ZachXBT investigating. In recent months, the UK has experienced a significant crypto hack affecting over 250 individuals, with hackers stealing approximately $650,000. The scheme involved fake Bybit demo accounts designed to lure unsuspecting victims with promises of easy […]
Bybit Surpass Binance in XRP Futures, Expands to New Market
Bybit has also expanded its operations to Kazakhstan after obtaining a full license to offer a wide range of cryptocurrency services. The XRP futures market on Bybit, the second-biggest cryptocurrency exchange in terms of trading volume, is now experiencing a higher level of open interest than the market on Binance, which is the largest exchange […]
Bybit Targets Shariah-Compliant Crypto Clients
Bybit announces a Shariah-compliant crypto account aimed at Muslim investors looking for investment opportunities that adhere to Islamic financial rules. Crypto exchange Bybit has introduced new products that align with Shariah, or Islamic law, specifically designed to cater to Muslim investors. On September 24, Bybit co-founder and CEO Ben Zhou announced on X the launch of […]
Bybit Launches Sharia Compliant Accounts Supporting 18 Coins
The Bybit accounts will exclude interest-based offerings to meet Islamic financial principles, and Muslim traders worldwide can access them. The Bybit cryptocurrency exchange has announced the development of Sharia-compliant cryptocurrency accounts. These accounts will have access to offerings that align with Islamic law. Furthermore, the exchange declared that it would support 18 different coins on […]
Bybit Reveals Over $940m in Abnormal withdrawals During H1 2024
Bybit reported about $1 billion in questionable withdrawal requests during the first half of 2024, demonstrating that fraudsters are still targeting crypto exchanges. With Bybit reporting around $1 billion in suspicious withdrawals during the first half of 2024, scammers appear to be stepping up their efforts to swindle cryptocurrency exchanges. Using artificial intelligence technology to […]