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bybit

Bybit launches the first AI trading competition for retail users on a centralized exchange, with a prize pool of up to 360,000, and the champion will receive 88,888 USDT

The cryptocurrency exchange Bybit is officially opening the "AI vs Human: 1v1 Trading Competition" event to retail users today, providing an opportunity for users to face off against advanced artificial intelligence models. This three-week event runs from today until March 27, and successfully participating users can be randomly matched with over 30 AI models provided by the platform or institutions, including top models like ChatGPT, Gemini, Claude, DeepSeek, Qwen, and Kimi, with a total prize pool of up to 360,000 USDT.This event offers flexible competition duration options, allowing users to choose trading times of 1, 2, or 4 hours. Each match won will earn double points, while a loss will yield regular points. The higher the trading volume, the more points earned.Bybit provides users with two prize pools:Daily leaderboard: The top 1,000 users with the highest daily points can share a daily prize pool of 73,500 USDT, with a maximum win of 3,500 USDT.Total points leaderboard: The top 5,000 leaders with the highest cumulative total points after the competition can share a prize pool of up to 288,888 USDT, with the champion receiving 88,888 USDT.It is worth mentioning that this competition also includes 6 professional teams, including Amazon Web Services, AlibabaCloud, AI Agent trading institution NOFA.ai, as well as AYC Fund, ALPHAGATE, and QuantumEdge. The retail version of this competition provides users with pre-selected world-class AI opponents, allowing users to click on the AI teams to view the real-time performance of each AI's returns, while eliminating the need for complex API integration, enabling users to compete with AI at the lowest technical threshold.

Bybit incubates DEX Byreal and releases the first open-source command line interface tool for AI agents

The first on-chain DEX incubated by Bybit, Byreal, founder emilyrealfreeman stated on social media that the Byreal Command Line Interface (CLI) has been open-sourced, marking its first protocol interface designed for AI agents.Unlike ordinary API wrappers or chatbot interfaces, Byreal CLI redefines the interaction between protocols and machines from an architectural level, providing deterministic execution, intent-constrained driven operations, and an Agent functionality focused on understanding users, making the system inherently safer and more reliable. Byreal CLI offers AI Agents a complete set of three primitives: identity, wallet (asset control), and a permissionless execution environment, which can only be supported simultaneously by cryptographic technology.Agents can freely discover, execute, and learn through a single command, including one-time liquidity pool analysis (APR estimation, risk scoring, LP range suggestions), with documentation and interfaces designed for AI execution. The new feature Copy Farmer allows Agents to automatically replicate top liquidity provision strategies. Byreal believes that within approximately two years, DeFi trading volume will flow more through AI Agents rather than front-end interfaces, and projects that optimize protocols for Agents in advance will win the routing layer, while those that do not keep up may become forgotten backend systems.

Bybit releases 2025 security milestone: intercepts fraudulent funds of up to $300 million with a new AI-driven risk framework

The world's second-largest cryptocurrency exchange by trading volume, Bybit, today officially announced the comprehensive results of its 2025 Security Initiative. Bybit has built an industry-leading multi-layer defense architecture, successfully protecting the safety of tens of thousands of users and setting a new benchmark for proactive risk control in the digital asset space. According to a report by Chainalysis, global cryptocurrency losses due to scams and fraud reached as high as $17 billion in 2025.Redefining Industry Standards: Three-Tier Withdrawal Fraud Defense FrameworkTo break through the limitations of traditional post-event remediation in risk control, Bybit has pioneered a dynamic risk grading protection system that intervenes proactively before financial losses occur. This system categorizes potential fraud scenarios into three risk levels, each matched with differentiated response strategies—ensuring user withdrawal safety while maintaining a smooth trading experience on the platform.Level 1: Early Warning (Low Risk)Leveraging big data heuristic algorithms to identify abnormal behavior patterns (e.g., large withdrawals concentrated to a single new address), Bybit automatically triggers a risk questionnaire survey. Relevant insights assist the risk control operations team in blacklisting high-risk addresses in advance, achieving source interception.Level 2: Real-Time Warning (Medium Risk)When an account is flagged due to database breaches (cross-referencing external network leak data) or associated with suspicious withdrawal addresses, Bybit will trigger a real-time pop-up reminder during the withdrawal process. This mechanism guides users to pause operations and review transaction details, effectively resisting social engineering attacks that rely on urgency or emotional pressure.Level 3: Instant Interception + Cooling-Off Period (High Risk)For wallet addresses confirmed to be involved in fraud (including so-called "pig-butchering" investment scams), Bybit implements real-time withdrawal interception and enforces a 1-hour cooling-off period mechanism. This critical time window provides users with essential assurance to regain rational judgment and verify the authenticity of transactions.Overview of 2025 Achievements and Core DataThe measures implemented in the fourth quarter of 2025 have brought breakthrough results in user safety protection:Q4 Fraudulent Fund Interception and Recovery: Bybit successfully intercepted and recovered $300 million through proactive reminders, safeguarding the life savings of over 4,000 users;Q4 AI-Driven Risk Identification: Bybit's self-developed AI algorithm accurately identified 350 high-risk investment scam addresses through on-chain data analysis, helping 8,000 users avoid potential withdrawal losses;2025 Annual Infrastructure Resilience: The platform successfully withstood over 3 million hacker database breach (account hijacking) attacks;Q4 On-Chain Proactive Monitoring: The system automatically flagged 350 risk addresses, and the ticket operations team manually reviewed and marked 600 addresses, cumulatively avoiding nearly $1 million in immediate fraud losses.Co-Building a Safe Ecosystem: Industry Collaboration and Government-Enterprise LinkageBybit firmly believes that safety should not be a competitive barrier but a shared responsibility across the industry. The strategic focus for 2025 is on deep integration of external intelligence:"In 2025, our mission is to upgrade the risk control system from a 'silent shield' to a proactive, intelligent safety guardian," said David Zong, Head of Risk Control at Bybit Group. "By deeply integrating AI-driven on-chain monitoring with real-time intelligence from industry partners like TRM, Elliptic, and Chainalysis, we not only protect Bybit users but also help map the 'genetic blueprint' of fraud networks. We are opening and sharing these standardized monitoring clues across the entire ecosystem—because the safety of the industry begins with the safety of each participant."

Bybit releases updates on employee safety and operational arrangements in the UAE

Due to the situation in the Middle East, Bybit has activated its regular security and business continuity management mechanism (BCP) to ensure the safety and operational stability of the teams in Dubai and Abu Dhabi. The company stated that the global system is currently operating stably, and core trading and user assets are not affected. Management is closely monitoring regional developments and will update internal and external communications in a timely manner based on official information.Key arrangements are as follows:Bybit has launched a cross-departmental BCP response mechanism, led by Co-CEO Helen Liu, to confirm the safety status of all UAE employees one by one, establish daily follow-ups and emergency contact mechanisms; provide remote work support, accommodation coordination, co-living arrangements, and medical life assistance;Business arrangements: designated backups for key positions, cross-regional support, office equipped with 8 hours of power backup, and stable operation of systems and user asset security;Personnel arrangements: UAE employees can choose to work remotely or use the office as a protective location, temporary departure can be applied for; overseas employees must report their travel plans and may postpone their return; all transfers of employees planned to be moved to the UAE are temporarily suspended.Helen Liu emphasized, "Employee safety is the top priority," and the company will continue to communicate transparently to ensure business continuity and convey confidence to users and the community.
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