Is Bybit P2P safe?

Bybit has introduced a P2P Shield to protect users from fraud, which provides financial compensation for qualified users who encounter fraud during P2P transactions. However, there have been major security incidents involving Bybit, such as the recent theft of over $150 million in crypto assets from its cold wallets. Despite this, Bybit has taken measures to address such incidents and ensure the safety of its platform, including enhancing security protocols and providing liquidity support. Therefore, while Bybit P2P may have certain risks, the company is actively working to mitigate them.