Bybit Blocks $300 Million in Fraud Funds in 2025
Bybit announced the results of its 2025 security plan on February 27.
The crypto exchange revealed it intercepted roughly $300 million in funds linked to fraud, impersonation and fraudulent activities last year via a new AI-powered risk control framework.
Its "Three-Tier Withdrawal Anti-Fraud Defense System" is built on a dynamic risk grading mechanism, with three levels:
- **Level 1 (Low Risk):** Uses big data heuristics to spot abnormal patterns (e.g., large transfers to new addresses), automatically sends a questionnaire for review, and pre-blacklists high-risk addresses.
- **Level 2 (Medium Risk):** Triggers a real-time alert during withdrawals if an account is tied to leaked databases or suspicious addresses, prompting users to review the transaction to block social engineering scams.
- **Level 3 (High Risk):** Implements real-time withdrawal interception for confirmed fraudulent addresses, plus a mandatory 1-hour cooling-off period.
### Key 2025 Q4 Data
- Of $50
2 minutes ago
In the last 24 hours, CEX net outflow of 6,501.29 BTC
February 27 – Coinglass data shows centralized exchanges (CEXs) posted a total net outflow of 6,501.29 BTC over the past 24 hours.
The three exchanges with the largest outflows were:
- Binance: 4,456.68 BTC
- Bitfinex: 2,731.10 BTC
- Bybit: 528.13 BTC
Additionally, OKX recorded an inflow of 2,469.57 BTC, topping the inflow rankings.
2 minutes ago
Korean Tax Agency Accidentally Leaks Wallet Mnemonic, Suspected Cause of $4.8M Crypto Assets Theft
**South Korea’s Tax Agency Exposes Crypto Wallet Mnemonic; Suspected Hackers Steal Assets**
February 27 – South Korean media reports that the National Tax Service (NTS) mistakenly published the full mnemonic phrase of a seized cryptocurrency wallet in press materials (with no redaction), allowing suspected hackers to siphon off related assets.
On February 26, the NTS announced results of on-site inspections targeting 124 high-value, habitual tax delinquents, seizing ~8.1 billion South Korean won ($6.1 million) in total assets. Among the cases, “Case 3” involved seizing four crypto hardware wallets from a delinquent’s residence drawer. Photos released with the press release clearly showed a paper listing the wallet’s recovery mnemonic phrase next to a Ledger device.
Blockchain explorer Etherscan records show that shortly after the mnemonic was exposed (early February 27), ~4 million PRTG tokens were transferred in three transactions to unknown addresses. Before the transfers, t
2 minutes ago
UK Regulator Proposes Allowing Cryptocurrency for Gambling Payments
On February 27, per Bloomberg, the U.K. Gambling Commission is planning to assess whether it’s feasible to let gamblers use cryptocurrency for gambling payments—aligning with the U.K.’s progress on its digital asset regulatory framework.
The report notes the Financial Conduct Authority (FCA) is set to finalize crypto asset regulations this year, with the rules set to formally take effect by the end of 2027. Going forward, U.K. gambling firms may be able to apply for a crypto business license under the new framework.
Tim Miller, the U.K. Gambling Commission’s Executive Director of Research and Policy Enforcement, said this exploration will be part of a broader digital asset regulatory process.
2 minutes ago
Coinbase to Launch ROBO Perpetual Contract Trading on February 27
Coinbase Markets announced on Feb. 27 that it plans to launch perpetual futures trading for Robo Token (ROBO) — under the ticker ROBO-PERP — on Feb. 27, 2026, local time, **subject to meeting market liquidity conditions**.
Per the announcement, retail traders will be able to access ROBO-PERP trading via Coinbase Advanced in select jurisdictions, while institutional clients can trade directly on Coinbase International Exchange in eligible regions.
### Notes on American English alignment:
1. **Date formatting**: Uses "Feb. 27" (standard abbreviated month/day for U.S. audiences) instead of full spelling; clarifies "local time" for context.
2. **Terminology**: Replaces generic "if" with "subject to" (formal, industry-standard for conditional launches); uses "ticker" (U.S. finance jargon for asset symbols) to clarify ROBO-PERP’s role.
3. **Flow**: Short, punchy sentences (fits news alerts); "select jurisdictions" (common in U.S. regulatory disclosures) instead of "some jurisdicti
2 minutes ago
Mainstream Perp DEX Overview: Trading Volumes Dip Across Platforms, Hyperliquid Volume Down by Around 15.5%
As of February 27th, data from DefiLlama reveals that trading volumes across major perpetual futures DEXes (Perp DEXes) have posted a notable drop over the past 24 hours. Hyperliquid’s volume is down roughly 15.5% from the prior day, while Aster holds steady with a relatively high standing, securing the second position. The current ranking of top Perp DEXes by 24-hour trading volume is below:
- Hyperliquid (https://app.hyperliquid.xyz/join/NTOD): 24h volume ~$60.3B; TVL ~$42.4B; open interest ~$54.8B
- Aster (https://www.asterdex.com/en-US/referral/aboter): 24h volume ~$24.6B; TVL ~$10.6B; open interest ~$18.7B
- EdgeX: 24h volume ~$22.7B; TVL ~$1.82B; open interest ~$1.04B
- Lighter (https://app.lighter.xyz/?referral=70045843): 24h volume ~$20.8B; TVL ~$8.7B; open interest ~$7.12B
- Grvt: 24h volume ~$12.7B; TVL ~$95.76M; open interest ~$4.08B
- Pacifica (https://app.pacifica.fi/?referral=pacbot): 24h volume ~$7.18B; TVL ~$36.23M; open interest ~$61.60M
(Note: "~" deno
2 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
