Bybit News: Leading Crypto Exchange Sees Massive Capital Inflows in March 2025
Download App for Android | Download App for iOS |
Start Trading Crypto on BTCC Today! <<<< |
Bybit, a prominent player in the cryptocurrency exchange space, has emerged as the top exchange for capital inflows in March 2025, showcasing its strength and investor confidence.
Bybit Leads Crypto Exchanges in March 2025 with $3.61 Billion in Capital Inflows
Bybit, the 2nd largest crypto exchange by trading volume, attracted $3.61 billion in capital inflows in March 2025, making it the top cryptocurrency exchange for capital inflows that month. With a total value-locked (TVL) of over $14.9 billion, Bybit became the top centralized exchange (CEX) for net asset expansion. The exchange demonstrated stable investor confidence through continuous capital growth, securing $612.62 million in seven-day continuous inflows. This rapid business growth is attributed to security enhancements, financial strength, and trust-based business practices.
Bybit Hack Highlights Crypto Cybersecurity Concerns
A recent hack on Bybit, facilitated by a compromise in Safe{Wallet}’s AWS infrastructure, has raised concerns about the state of cybersecurity in the crypto industry. The attack involved the injection of malicious code into critical JavaScript files controlling CORE wallet functions, allowing attackers to manipulate transactions without detection. This incident underscores the vulnerability of Web3 projects that rely on Web2 technology despite their decentralized vision.