Bybit says trading and withdrawals unaffected as security scares hit Binance and Polymarket
- —Bybit confirmed normal trading and withdrawals despite security concerns at Binance and Polymarket
- —Tether and Circle froze transactions tied to the Polymarket incident
- —Bybit lost up to $1.5B in ETH in February 2025 but covered the loss from reserves in about 12 hours
- —Bybit has recovered or frozen only $48–75M of the stolen funds
Why it matters: The statement signals that the trust crisis around Binance has not spread to other major exchanges, though custody risk remains a key concern for traders.
Source: Crypto Briefing