Bybit said on October 29, 2026 that security incidents affecting other platforms had not disrupted its trading operations or withdrawals, and that user funds remained secure. The statement came amid concerns over anomalous transfers and operational issues at Binance, as well as a separate incident involving Polymarket. Tether and Circle froze certain transactions related to the Polymarket incident by blocking the tokens at contract level. Bybit had previously absorbed the theft of $1.46 billion to $1.5 billion in Ethereum in February 2025, honored more than 580,000 withdrawal requests, and used corporate reserves to cover the stolen amount within roughly 12 hours. By mid-2026, the exchange said it had recovered or frozen $48 million to $75 million of the stolen funds.
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