Skip to main content
727 Finance
English

Bybit CEO: After being attacked, he switched to a zero-trust model and hopes to develop his Turkish business into a super application

In an interview with Turkey’s Fintechtime, Bybit CEO Ben Zhou said that looking back at the 2025 Bybit attack, one of the problems was the use of third-party service providers and the centralized storage of too many assets in the third-party related system. Since then, Bybit has comprehensively adjusted its security policy and shifted to a "Zero Trust" model. At the same time, it has dispersed wallets into different structures and strengthened the isolation of local and global businesses to reduce the risk of a single attack affecting a large number of assets. Zhou also said that Bybit hopes to develop its Turkish business into a "super application" covering crypto transactions, payments, global transfers and more investment products in the future.

Related news

  1. Analysis: Ethereum reorganization causes THORChain to pause, unexpectedly delaying the laundering of stolen Binance funds.

  2. SlowMist: Binance hack indirectly pushed up stETH yields, Lido's 7-day average APR rose to 4.2%

  3. Nasdaq-listed company NXTT considers selling $450 million in Bitcoin due to Binance hack and quantum risks.

    PANews October 31 news, according to CoinDesk, Nasdaq-listed software company Next Technology Holding (NXTT) said its board of directors has authorized the sale...

  4. Bitwise: The Binance hack will not affect Bitcoin's price, and the market is expected to recover within a week.

  5. The Step Drainer attack has spread to 10 websites including StonkFun and Pickle Finance.