Bybit
Bybit incident involved a compromised frontend that supplied a signing request differing from what users believed, leading to blind signing. The compromised request replaced the Safe implementation contract, causing users to lose funds. The Ethereum Foundation’s Trillion Dollar Security initiative highlighted this blind‑signing risk. Bybit decreased 4.22 million XRP during Oct 8–15 2026. Bybit’s $1.4 billion loss was attributed to North Korea in Q1 2025. Bybit reduced its USDT holdings by $1.66 billion in Q3 2026 and added $315 million RLUSD in Q3 2026. Bybit increased its RLUSD holdings in Q3 2026 as part of a rewards campaign launched with Ripple in July. Bitcoin slid about 4 % to an intraday low of $81,652 on Bybit. Bybit’s XRP futures open interest was $243.3 million on October 19 2026; funding rate +0.010 %. Bybit looks for broker partnerships, considers Interactive Brokers for U.S. entry, and identifies the U.K. as a strong growth market. Bybit was hacked for $1.5B by North Korea TraderTraitor is linked to Bybit TRM Labs ties the Binance attack to the North Korean group behind Bybit Chainalysis ties the Binance attack to the North Korean group behind Bybit Bybit used Thorchain to convert approximately 84% of stolen Ethereum into Bitcoin North Korea was responsible for the $1.5bn theft on Bybit· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- North KoreaSTEALS FROMBybit
North Korea was responsible for the $1.5bn theft on Bybit
- BybitUSED THORCHAIN TO CONVERTTHORChain
Bybit used Thorchain to convert approximately 84% of stolen Ethereum into Bitcoin
- ChainalysisTIED ATTACK SOURCEBybit
Chainalysis ties the Binance attack to the North Korean group behind Bybit
- TRM LabsTIED ATTACK SOURCEBybit
TRM Labs ties the Binance attack to the North Korean group behind Bybit
- TraderTraitorLINKED TOBybit
TraderTraitor is linked to Bybit
- THORChain’s RUNEMOVED FUNDS STOLEN FROMBybit
THORChain’s RUNE was used to move funds stolen from Bybit by North Korean hackers
- TraderTraitorRESPONSIBLE FORBybit
TraderTraitor is responsible for the ByBit hack.
- Ido Ben-NatanCOMPARED WITHBybit
Ido Ben‑Natan described the Binance attack as very, very similar to Bybit’s February 2025 incident
- BybitIS SIMILAR TONorth Korea
The Binance attack activity resembles operations linked to North Korean cyber attackers, similar to Bybit’s incident
- BybitCARRIED LIQUIDATIONS FORBitcoin
Bybit carried $77.3 million of the hour’s liquidations for Bitcoin
- BybitHASVARA licence
Bybit has a new VARA licence
- BitcoinSLID TO LOW ONBybit
Bitcoin slid about 4 % to an intraday low of $81,652 on Bybit
- BybitADD LICENSE FROMDubai Virtual Assets Regulatory Authority
Bybit added a VARA spot trading license from Dubai Virtual Assets Regulatory Authority
- BybitDOES NOT HAVE PRESENCE INUnited States
Bybit has not yet attempted to establish a presence in the United States
- BybitLOOKS FOR PARTNERSHIP WITHRobinhood
Bybit looks for big broker partnerships to take on Robinhood Markets
- BybitSEE AS GROWTH POTENTIAL INUnited Kingdom
Bybit identifies the United Kingdom as a pretty good market for growth
- BybitPRESENTS ALTERNATIVE TOCoinbase
Bybit’s partnership approach is presented as an alternative to Coinbase Global’s state‑by‑state licensing strategy
- BybitCONSIDERS PARTNER WITHInteractive Brokers
Bybit will consider working with Interactive Brokers for U.S. entry
- North KoreaSTEALSBybit
North Korea *STEALS* Bybit
- BybitPROVIDES LIQUIDITY FORBitcoin
Bybit provides liquidity for Bitcoin purchases using its stablecoin balances.
- CryptoSlateUSES BALANCES OFBybit
CryptoSlate used stablecoin balances at Bybit in its July 20 analysis.
- BybitFEE RATE FORBitcoin
Funding rate for BTC perpetuals at Bybit sits at neutral 0.01% baseline
- BybitREDUCEDUSDT
Bybit reduced its USDT holdings by $1.66 billion in Q3 2026
- BybitADDEDRLUSD
Bybit added $315 million RLUSD in Q3 2026
- BybitINCREASED DUE TO REWARDS CAMPAIGNRipple
Bybit increased its RLUSD holdings in Q3 2026 as part of a rewards campaign launched with Ripple in July
- BybitHAS XRP FUTURES FUNDING RATEXRP
Bybit’s XRP futures funding rate was +0.010% on October 19, 2026.
- BybitHAS XRP FUTURES OPEN INTERESTXRP
Bybit’s XRP futures open interest was $243.3 million on October 19, 2026.
- BybitDECREASED XRPXRP
Bybit decreased 4.22 million XRP during Oct 8–15 2026
- BybitLOST TONorth Korea
Bybit’s $1.4 billion loss was attributed to North Korea in Q1 2025
- BybitHACKED BYNorth Korea
Bybit was hacked for $1.5B by North Korea
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.
Events 11
- Why North Korea's 'elite' hackers are the prime suspect in major Binance hack2 cited reports · 2026-10-31
- Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million3 cited reports · 2026-10-31
- Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day1 cited report · 2026-10-30
- As it happened: Binance’s record $6.3B crypto hack2 cited reports · 2026-10-30
- Bybit secures first full Dubai license for spot trading services1 cited report · 2026-10-23
- Robinhood Wins Dubai Approval as Crypto Rivals Race Ahead1 cited report · 2026-10-23
- XRP flashes a potential bottom signal, but $15.7 billion in exchange supply threatens recovery1 cited report · 2026-10-21
- Bybit will look for big broker partnerships to take on Robinhood in the U.S.1 cited report · 2026-10-21
- President Trump to Highlight Crackdown on Overseas Crypto Scams1 cited report · 2026-10-21
- Tether loses nearly $5 billion across crypto exchanges as USDC and RLUSD rivals pay to win liquidity1 cited report · 2026-10-20
- 84 million XRP added to exchange wallets as price slipped toward $1.301 cited report · 2026-10-16
Source reports 21
- Why North Korea's 'elite' hackers are the prime suspect in major Binance hackBBC World · 2026-10-31
- Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018Decrypt · 2026-10-31
- Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 MillionDecrypt · 2026-10-31
- Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest DayDecrypt · 2026-10-30
- TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitorDecrypt · 2026-10-30
- THORChain’s RUNE jumps 13% after Binance’s record $6.3B hackCointelegraph · 2026-10-30
- As it happened: Binance’s record $6.3B crypto hackCointelegraph · 2026-10-30
- North Korea’s TraderTraitor linked to $6.3B Binance hackCointelegraph · 2026-10-30
- Binance points to engineer’s hacked laptop in $6.3B breachCointelegraph · 2026-10-30
- Crypto Liquidations Top $628 Million in an Hour as Binance Hack Fears Sink BitcoinBeInCrypto · 2026-10-30
- Bybit secures first full Dubai license for spot trading servicesCointelegraph · 2026-10-23
- Robinhood Wins Dubai Approval as Crypto Rivals Race AheadBeInCrypto · 2026-10-23
- Bitcoin Price Erases Two-Day Gains After $85,000 Rejection: Will it Fall to $80,000?BeInCrypto · 2026-10-22
- XRP flashes a potential bottom signal, but $15.7 billion in exchange supply threatens recoveryCryptoSlate · 2026-10-21
- Bybit will look for big broker partnerships to take on Robinhood in the U.S.CoinDesk · 2026-10-21
- President Trump to Highlight Crackdown on Overseas Crypto ScamsBitcoin Magazine · 2026-10-21
- Crypto rallies point to slower USDC growth and faster USDT growth, study findsCryptoSlate · 2026-10-21
- Why Does Bitcoin Keep Losing Steam? On-Chain Data Has a ClueBeInCrypto · 2026-10-21
- Tether loses nearly $5 billion across crypto exchanges as USDC and RLUSD rivals pay to win liquidityCryptoSlate · 2026-10-20
- 84 million XRP added to exchange wallets as price slipped toward $1.30CryptoSlate · 2026-10-16
- Bitget, Liquid exploits push Q3 crypto hacks toward $1.2BCointelegraph · 2026-10-15