Bybit
⚠️ MixedCrypto Exchange · Founded 2018
Bybit is a major global crypto derivatives exchange based in Dubai. It suffered the largest crypto hack in history in February 2025 — $1.5B stolen by North Korean hackers.
Trust Score
6
out of 10
Our Verdict
Bybit is a legitimate exchange that suffered a massive hack. It is operational and compensated users. Be very wary of recovery scams targeting Bybit users after the breach.
This company is real but has significant concerns — regulatory issues, quality problems, or other risk factors.
⚠️ Scam Warning
Bybit was hacked for $1.5B by the Lazarus Group in 2025. While the company is operational, this represents a major security incident. The hack generated many recovery scams.
🚨 Known Scams Using Bybit's Name
- • Fake Bybit recovery programs targeting users after the 2025 hack
- • Phishing emails impersonating Bybit security alerts
🚩 Red Flags to Watch For
⚠ Anyone offering to recover Bybit hack losses for a fee
⚠ Emails from non-bybit.com domains claiming to be Bybit
📋 Report a Scam Involving Bybit
If you've encountered a scam using Bybit's name, report it to help protect others.