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Bybit improves security with AI Risk Engine

Bybit, the world's second-largest cryptocurrency exchange, is using advanced AI technology to protect its users. The exchange's security strategy includes multi-layered protection for hot and cold wallets, enhanced verification protocols for high-risk transactions, and AI-driven tools to combat cybersecurity threats. Bybit processed 32 million withdrawals in the first half of 2024, preventing the loss of over $79 million in customer assets and securing $37 million in project funds. The exchange also employs a group of 50 risk experts. Bybit recently distributed the Catizen (CATI) airdrop, further demonstrating its reliability and commitment to cybersecurity. By upgrading its security framework, Bybit earned a 10/10 trust score from CoinGecko. The exchange aims to establish itself as an industry leader in cybersecurity.

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