Bybit Enhances Global Crypto Accessibility with Multi-Currency Credit Card Purchases and Cashback Incentives

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched a limited-time initiative to expand global access to digital assets. The platform now allows users to purchase cryptocurrencies like USDT, BTC, and ETH using over 25 local fiat currencies, including PKR, ETB, ARS, and UYU, via credit cards. This strategic move not only simplifies crypto acquisitions but also offers cashback rewards, further incentivizing adoption. As of June 2025, Bybit continues to innovate, bridging the gap between traditional finance and the burgeoning digital asset ecosystem.

Bybit Expands Global Reach with Credit Card Crypto Purchases in 25+ Currencies and Cashback Rewards

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has introduced a limited-time event enabling users to purchase digital assets using over 25 local fiat currencies. This move aims to broaden global access to cryptocurrencies, with support for currencies such as PKR, ETB, ARS, and UYU.

Users can now buy USDT, BTC, ETH, and other cryptocurrencies directly with credit cards, benefiting from real-time currency conversion and cashback rewards of up to 10 USDT. New users transacting in a newly accepted currency will receive an additional 5 USDT bonus, stackable with the cashback offer.

The initiative underscores Bybit's commitment to making crypto accessible worldwide. Participation requires completing Level 1 Identity Verification and linking a Visa or Mastercard via the 'One-Click Buy' page. The offer is not available to customers in the European Economic Area.

Crypto Heists Surge to $2.1B in H1 2025 as State-Backed Attacks Intensify

The cryptocurrency industry suffered $2.1 billion in thefts during the first half of 2025, marking a 10% increase over the previous H1 record set in 2022. Blockchain intelligence firm TRM Labs reports 75 major incidents, nearly matching 2024's full-year total of $2.2 billion.

A single catastrophic $1.5 billion attack on Bybit dominated the losses, accounting for 70% of all stolen funds. Even excluding this breach, January, April, May, and June each saw individual months exceeding $100 million in damages. The average hack size doubled year-over-year to $30 million per incident.

Infrastructure vulnerabilities proved most destructive, with attackers exploiting private key compromises, seed phrase breaches, and system weaknesses. "The threat landscape has evolved beyond opportunistic criminals," notes TRM's analysis, pointing to sophisticated state-affiliated actors.

Crypto’s Worst Six Months Yet: North Korea-Linked Hacks Account for $1.6B of $2.1B Thefts

The cryptocurrency sector suffered its most damaging six-month period on record, with hackers stealing over $2.1 billion in digital assets during the first half of 2025. A TRM Labs report reveals a 10% increase from the previous H1 high in 2022, nearly matching 2024's full-year total. North Korean cybercriminals dominate the thefts, responsible for 70% of losses.

February's $1.5 billion Bybit exchange breach—now attributed to Pyongyang—stands as the largest crypto heist in history. The attack single-handedly doubled the average hack size to $30 million compared to 2024. Geopolitical motives surface in June's $90 million Nobitex exploit, where Israeli-linked group Predatory Sparrow allegedly burned stolen Iranian exchange funds through vanity addresses.

Infrastructure-level vulnerabilities account for 80% of losses, with private key compromises and front-end attacks becoming increasingly sophisticated. The data underscores how nation-state actors are weaponizing blockchain vulnerabilities at unprecedented scale.

Mubite Launches Instant Funding Crypto Prop Trading Platform with 90% Profit Splits

Prague-based Mubite has debuted as the first crypto proprietary trading firm offering instant funding accounts up to $200,000, featuring industry-leading 90% profit splits. The platform's integration with Bybit exchange positions it as a disruptive force in prop trading.

Three distinct evaluation models cater to diverse trader needs: a conventional 2-Step Challenge, streamlined 1-Step Challenge, and groundbreaking Instant Funding option that bypasses evaluation periods entirely. "We're shattering the 70-80% profit split ceiling that's constrained traders," said CEO Petr Andreas.

The firm reports explosive 133% monthly growth since launch, capitalizing on rising demand for flexible crypto trading capital solutions. Bybit's infrastructure serves as the operational backbone for Mubite's trading ecosystem.

Crypto Fueling Weapons Programs for Sanctioned States: FATF

The Financial Action Task Force (FATF) warns that cryptocurrency is becoming a critical enabler for sanctioned nations like North Korea and Iran to finance illicit weapons programs. A June 2025 report highlights blockchain-based assets as key vulnerabilities, with North Korea alone stealing $1.4 billion from crypto exchange ByBit in February. The funds were laundered through mixing services, unhosted wallets, and weakly regulated platforms.

"The threat is real and growing," says Jeremiah O'Connor of Webacy, underscoring the sophistication of state-backed threat actors like the Lazarus Group. These entities have systematically exploited crypto's anonymity to fund nuclear ambitions, according to the FATF.