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Featured AnalysisPrimary topicSecurity

Bybit stages comeback in 2025 after $1.5B hack

The exchange regained market share and trading-volume ranking amid a broader increase in exchange activity.

Jan 30, 20267:43 AMNewsroom AI

Bybit suffered a major security breach in early 2025 that resulted in the loss of roughly $1.5 billion in Ethereum; reporting attributes the attack to the Lazarus Group and notes at least $160 million was laundered within 48 hours [3][1].

Despite the breach, Bybit mounted a recovery over the course of 2025, reclaiming second place globally by trading volume and seeing its market share climb, according to market-data reporting and post-hack exchange metrics [2][1].

The rebound came as overall activity on major venues increased: trading volumes across the top 10 exchanges rose by an average of 7.6% in 2025, underscoring broader growth in exchange trading that year [1][4].

Taken together, coverage shows Bybit recovered market position during a year of rising exchange volumes after suffering one of the largest hacks in crypto history [1][2][3].

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