Bibit resumed its business services in India after registration with Indian authorities, the exchange announced on 25 February.
move Restore complete access For existing users, on the platform of the bibit, the new user also starts gradually with onboarding.
The exchange suspended several services in January citing regulatory challenges. At that time, bybit was in the process of obtaining an operational license from India’s financial intelligence unit.
The latest declaration confirms that bybit has now met regulatory requirements, allowing Indian users to open new trades and reach all platform features.
The return of the bibit comes at a significant time, as prominent exchange regulators such as Benance continue to compete for market share in India. The country remains an important market for Crypto firms, with rising lap and trading volumes.
Bibit hack
The declaration follows a turbulent period for bybit, which recently faced a large -scale security violation.
The Bibit faced a $ 1.5 billion hack on 21 February, marking the largest crypto heest in history. The attack targeted the ethrium cold wallet of the exchange, cheating the hackers to cheat their multi-signed security protocols.
Blockchain analysts connected Breach to the Lazarus Group in North Korea, known for high-profile cyber theft, including Ronin and Wazirux Hax.
Park Gin Hawk, a long -time suspected Lazarus member, emerged as a prominent person. Earlier 2014 was associated with Sony Hack and 2017 Vanakri ransomware, Hawk allegedly led the change in the group’s crypto offenses. Lazarus embedded operators in crypto firms, using fishing and insider intelligence to bypass security.
Violation of bybit followed a pattern of stolen property through decentralized protocols. In 2024, North Korean hackers stole $ 1.34 billion; Within two months of 2025, they had already crossed that figure.
