Bybit Resumes Trading Services in India After Securing Registration

Bybit, a popular cryptocurrency exchange, has announced the resumption of its trading services in India after successfully registering with the country’s authorities. The move allows existing users to regain full access to the platform, while new user onboarding will begin gradually.

Regulatory Compliance and Market Competition

Bybit’s decision to suspend several services in January was due to regulatory challenges. However, the exchange has now met the necessary requirements, obtaining an operational license from India’s Financial Intelligence Unit. This development comes at a critical time, as major exchanges like Binance continue to compete for market share in India despite regulatory scrutiny. India remains a key market for crypto firms, with increasing adoption and trading volumes.

Security Breach and Recovery

Bybit’s announcement follows a recent turbulent period, marked by a massive security breach. The exchange suffered a $1.5 billion hack on February 21, the largest crypto heist in history. The attack targeted Bybit’s Ethereum cold wallet, with hackers deceiving its multi-signature security protocols.

Blockchain analysts have linked the breach to North Korea’s Lazarus Group, known for high-profile cyber thefts. The group is suspected of embedding operatives in crypto firms, using phishing and insider intelligence to bypass security.

Lessons Learned and Security Tips

The Bybit hack highlights the importance of robust security measures in the crypto industry. To protect your assets, follow these best practices:

  • Use strong, unique passwords and enable two-factor authentication (2FA) whenever possible.
  • Keep your software and operating system up to date to ensure you have the latest security patches.
  • Be cautious of phishing attempts and never share sensitive information via email or messaging apps.
  • Use reputable and well-established exchanges, and always research the security measures they have in place.

Stay informed about the latest developments in the crypto industry and learn more about security best practices on Global Crypto News.

North Korea’s Crypto Crimes

The Bybit breach is not an isolated incident. North Korean hackers have stolen billions of dollars in crypto assets, with $1.34 billion stolen in 2024 and over $1.5 billion already stolen in 2025. The country’s Lazarus Group has been linked to several high-profile hacks, including the Ronin and WazirX breaches.

“The crypto industry must remain vigilant and proactive in protecting against cyber threats. By prioritizing security and regulatory compliance, we can build trust and confidence in the market.”

Stay up to date with the latest crypto news and trends on Global Crypto News.

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