Bybit CEO Ben Zhou said in a recent interview with Wu Blockchain that the exchange had already covered losses from a previous attack by North Korean hackers by the end of last year through operating income including trading fees. He said more trading platforms will likely face hacks in the future and argued that security systems should be built on the assumption that a breach will happen.
On competition, Zhou said the golden era of expansion for globalized trading platforms has passed and that the industry is likely to see more consolidation. He added that regional exchanges with licenses and strong local operating capabilities still have room to grow. Zhou also disclosed that Bybit’s profit has declined year over year in 2026, and that its stock and other traditional asset trading business is not yet enough to offset the impact from its crypto business.
Regarding the US market, Zhou said Bybit is still waiting for the right entry point and would prefer to work with local institutions that already have a retail user base. He added that Bybit’s core strategy over the next year will center on regional development and deeper localization. Zhou also discussed the difference between the Bitget security incident and Bybit’s own theft case, as well as the large-scale internal use of AI and the related data security challenges.
Bybit CEO Ben Zhou said in a recent interview with Wu Blockchain that the exchange had covered losses from a previous attack by North Korean hackers by the end of last year through operating income, including trading fees.
Zhou said more trading platforms will face hacks in the future, and that security systems should be designed on the assumption that a theft will happen.
Competition among exchanges
On industry competition, Zhou said the golden period for the expansion of globalized trading platforms has already passed. He said the sector is likely to see further consolidation, while regional exchanges with licenses and local operating capabilities still have room to develop.
Profit pressure and market plans
Zhou also disclosed that Bybit’s profit has declined year over year this year. He said trading in stocks and other traditional assets is still not enough to offset the impact coming from its crypto business.
On the US market, Zhou said Bybit is still waiting for the right opportunity to enter and is more inclined to cooperate with local institutions that have an existing retail user base. Over the next year, he said, Bybit’s core strategy will focus on regional development and deep localization.
He also discussed the difference between the Bitget security incident and Bybit’s theft case, along with the large-scale internal use of AI and the data security challenges that come with it.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
