A Reminder on Security in Light of the Bitcoin Twitter Hack

An extraordinary bitcoin Twitter hack that compromised accounts belonging to everyone from Elon Musk to Kanye West to Barack Obama has again brought the security of cryptocurrencies to the foreground.

The topic of security has always been a priority and focus for Bybit. Here are the strategies we have been employing to safeguard the security of our users’ crypto assets.

  • Focus on Derivatives to Preclude Systemic Risks
  • Pursue Sustainable Development and Maintain Debt-Free Operations
  • Enact Fair Rules to Enable Fair Trade
  • Champion Transparency and Take Self-Regulation Seriously
  • Devote Resources to Security and Adopt Deliberate Risk Control Measures

Given our significant investment in security and stringent risk management, Bybit is confident to commit to the promise that any form of security related loss not caused by user’s operations or negligence will be fully compensated.

To learn more about these strategies, see “What has Bybit Accomplished for Security?

To review some of the best practices to help keep your cryptocurrencies safe, see “Pt. 1 – How to Keep Your Cryptocurrency Safe” and “Pt. 2 – How to Keep Your Cryptocurrency Safe.