Bybit CEO Ben Zhou said in a recent interview with Wu Blockchain that the exchange had already covered losses from an earlier attack attributed to North Korean hackers by the end of last year through operating income such as trading fees. He said more exchange hacks are likely in the future and argued that security systems should be built on the assumption that a breach will eventually happen.
On competition, Zhou said the prime era for global expansion by crypto exchanges has passed and that the sector is likely to see more consolidation. In his view, regional platforms with licenses and strong local operating capabilities still have room to grow. He also said Bybit’s profit has declined year over year in 2026, while its stock and other traditional asset trading business is not yet large enough to offset the impact from its crypto business.
For the U.S. 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 the company’s core strategy over the next year will center on regional development and deeper localization, while also touching on the difference between the Bitget security incident and the Bybit theft case, as well as data security risks tied to large-scale internal use of AI.
Bybit CEO Ben Zhou said in a recent interview with Wu Blockchain that the exchange had covered losses from a previous attack attributed to North Korean hackers by the end of last year through operating income including trading fees.
Zhou said crypto trading platforms are still likely to face hacks in the future, and that security systems should be designed on the assumption that a theft will eventually occur.
Speaking about competition, he said the golden period for global expansion by trading platforms has already passed and that the industry is set for more consolidation. He added that regional exchanges with licenses and local operating strength still have opportunities.
Zhou also disclosed that Bybit’s profit is down year over year this year, and that its stock and other traditional asset trading businesses are not yet enough to offset the impact coming from its crypto business.
On the U.S. market, he said Bybit is still waiting for the right opportunity to enter and would rather partner with local institutions that already have a retail user base. Over the next year, the company’s core strategy will focus on regional growth and deeper localization.
He also discussed the difference between the Bitget security incident and the Bybit theft case, as well as data security challenges created by large-scale internal use of AI.
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