Bybit Enhances Global Crypto Access with Multi-Fiat Credit Card Purchases

Bybit, a leading cryptocurrency exchange, has introduced a limited-time initiative to expand global accessibility to digital assets by enabling credit card purchases in over 25 local fiat currencies. This strategic move targets emerging markets such as Pakistan, Argentina, and Ethiopia, supporting currencies like PKR, ARS, and ETB. The platform now offers seamless fiat-to-crypto conversions for major assets including BTC, ETH, and USDT, further bridging the gap between traditional finance and the crypto ecosystem. This development underscores Bybit's commitment to fostering financial inclusion and simplifying crypto adoption worldwide.

Bybit Expands Crypto Accessibility with Credit Card Purchases in 25+ Fiat Currencies

Bybit, a leading cryptocurrency exchange, has launched a limited-time initiative enabling credit card purchases of digital assets in over 25 local currencies. The MOVE targets global markets, including Pakistan, Argentina, and Ethiopia, with support for currencies like PKR, ARS, and ETB.

The platform now allows seamless conversions of fiat to crypto, focusing on major assets like BTC, ETH, and USDT. Users benefit from real-time currency conversion and cashback rewards up to 10 USDT, with new users eligible for an additional 5 USDT bonus.

This development underscores Bybit's strategy to lower barriers to Web3 adoption. By simplifying fiat-to-crypto onramps, the exchange aims to attract retail investors in emerging markets—where local currency volatility often drives crypto demand.

Crypto Hacks Surge to $2.1B in H1 2025, Driven by State-Sponsored Attacks

Blockchain intelligence firm TRM Labs reports a record $2.1 billion in cryptocurrency theft during the first half of 2025, marking a 10% increase over the previous H1 peak in 2022. Nearly matching 2024's full-year total, this surge reflects a dangerous escalation in infrastructure attacks and state-backed cyber operations.

The February breach of Bybit exchange dominates the landscape—a $1.5 billion heist attributed to North Korean hackers represents 70% of H1 losses. This single incident doubled the average hack size to $30 million compared to H1 2024's $15 million benchmark.

Pyongyang-linked groups account for $1.6 billion of stolen funds, transforming cryptocurrency exchanges into geopolitical battlegrounds. Infrastructure vulnerabilities enabled over 80% of thefts, with 75 major incidents recorded—each attack averaging nine figures in damages.

FATF Warns of Stablecoin Misuse as Crypto Regulation Lags Globally

The Financial Action Task Force has raised alarms about accelerating illicit use of stablecoins in 2025, despite improved but incomplete global regulatory efforts. While 73% of jurisdictions have implemented the Travel Rule for crypto transfers, enforcement remains weak—nearly 60% of 85 compliant countries haven't issued compliance directives.

North Korean hackers stole a record $1.46 billion from Bybit this year, employing sophisticated laundering networks across 125,000 ethereum wallets. Only 3.8% of funds were recovered, underscoring persistent challenges in tracking crypto-related crime proceeds.

Stablecoins now dominate illicit on-chain activity due to low costs, fast settlement, and DEEP liquidity. Private estimates show over $30 trillion in stablecoin volume annually, coinciding with the rise of AI-powered 'pig butchering' scams and professional fraud networks.