Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is leveraging advanced artificial intelligence (AI) technology to protect users, as revealed to Finbold on Friday, September 20.
Bybit’s security strategy relies on a multi-layered approach, protecting both hot and cold wallets, with enhanced verification protocols scrutinizing large or high-risk transactions.
The rising threats in the crypto cybersecurity
As cryptocurrency adoption continues to grow, so does the number of cybersecurity threats.
Bybit seeks to combat these threats with sophisticated AI-driven tools.
The exchange processed 32 million withdrawals in the first half of 2024 while preventing the loss of over $79 million in customer assets by vetting nearly $1 billion in suspicious withdrawals.
Additionally, more than $37 million in project funds were secured.
AI-powered fraud detection
Bybit’s AI allows it to protect users against a range of vulnerabilities, from wallet h
We współpracy z: https://finbold.com/bybit-improves-security-with-ai-risk-engine/
