Bybit says AI tools helped it block $700M in attempted attacks

Bybit, the crypto exchange that lost $1.46 billion to hackers last year in the biggest crypto theft ever, now says it used AI-based security systems to detect and stop attempted attacks worth $700 million over the past year. This is basically Bybit explaining how it's beefed up its defenses since getting hit.

If you keep funds on Bybit or any exchange, better fraud detection is good news, but it's still the exchange's word about its own security, not an independent audit.

No action needed. As always, it's worth remembering that no exchange security claim is a substitute for you controlling your own funds when possible, like using a cold wallet for savings you don't need to trade actively.