Bybit's Ben Zhou says firms need more than MiCA to profit in Europe, exchange targets MiFID II license
Coindesk •
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Promote with Leviathan NewsBybit CEO Ben Zhou says a MiCA license alone won't make crypto firms profitable in Europe — the exchange itself is at least two years from breaking even on the continent. Zhou is pushing for a MiFID II license to offer regulated derivatives in the EU within six months. Bybit moved its European HQ to Vienna with 100+ planned hires, and has additional license bids active in UAE and India.
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Bybit CEO Ben Zhou warns crypto security threats are a constant battle, reflecting on lessons from last year’s $1.5B hack and the need for stronger industry defenses
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As of April 21, 2025, around $1.4 billion in hacked crypto—roughly 500,000 ETH—remains 68.57% traceable, with DPRK-linked funds flowing through Wasabi, Tornado Cash, and various cross-chain platforms. So far, 432,748 ETH (about $1.21B) has been swapped into BTC, while just 1.17% (around $16.77M) remains on Ethereum. Bybit CEO Ben Zhou said the exchange is working with global authorities to freeze suspicious transactions and has strengthened KYC measures across all platforms.
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Bybit CEO Ben Zhou launches LazarusBounty at http://lazarusbounty.com, the industry's first bounty site offering full transparency on sanctioned Lazarus money laundering activities, enabling bounty hunters to connect wallets, trace funds, earn instant rewards when freezes occur (with freezers receiving 5%), and access live rankings to expose bad actors.
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ByBit founder Ben Zhou confirms exploit, cause was malicious safe transaction that changed msig permissions.
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Bybit CEO Ben Zhou warns crypto security threats are a constant battle, reflecting on lessons from last year’s $1.5B hack and the need for stronger industry defenses
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As of April 21, 2025, around $1.4 billion in hacked crypto—roughly 500,000 ETH—remains 68.57% traceable, with DPRK-linked funds flowing through Wasabi, Tornado Cash, and various cross-chain platforms. So far, 432,748 ETH (about $1.21B) has been swapped into BTC, while just 1.17% (around $16.77M) remains on Ethereum. Bybit CEO Ben Zhou said the exchange is working with global authorities to freeze suspicious transactions and has strengthened KYC measures across all platforms.
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Pi Network pushes back against fraud and pyramid scheme allegations after Bybit’s Ben Zhou and Cyber Capital’s Justin Bons criticize its referral system and decline to support the PI token listing.
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