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Bybit Earn Pilots OpenAPI Integration into Flexible Savings

Written by CryptoCurrencyNews on February 26, 2025. Posted in Cryptocurrency.

DUBAI, UAE, Feb. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is enhancing trading features and seamless experiences by introducing the OpenAPI functionality on Bybit Earn. Available now for Flexible Savings products on Bybit Earn, the upgrade will help users make better informed decisions faster, and offer an unobstructed view of their asset performance in their own preferred set-up.

The OpenAPI integration supports multiple trading and data point extraction scenarios, marking an advancement in automated asset management capabilities for users of Flexible Savings on Bybit Earn.

What it means:
Users now have the option to programmatically manage their Bybit Earn Flexible Savings positions through API endpoints, significantly improving efficiency for institutional clients and professional traders who manage multiple positions.

Feature Highlights:

Staking & Redemption: Users can now create staking and redemption orders more efficiently using the API.
The API integration supports both Unified Trading Accounts (UTA) and Funding Accounts, enabling users to personalize their asset management style. This means users can integrate Bybit Earn Flexible Savings directly into their automated trading strategies or portfolio management tools.
Information Queries: Users can easily query their orders, positions, and product details (such as the maximum staking limit and estimated APR) via the API.
This feature also allows for real-time data retrieval, enabling users to make informed decisions quickly. For example, a user can programmatically check the current APR of a Flexible Savings product and adjust their staking strategy accordingly.

Bybit Earn Pilots OpenAPI Integration into Flexible Savings

“This integration is another step forward in our mission to provide institutional-grade trading and earning capabilities for high-calibre users,” said Joan Han, Sales and Marketing Director at Bybit. “By extending API functionality to our Flexible Savings product, we continue to meet the users’ increasing demands for more powerful tool to optimize their yield strategies.”

Availability and Documentation
The initial release starts with the Flexible Savings product suite, with potential expansion to other Earn products planned for future updates. The integration is supported by detailed API documentation and technical resources to ensure smooth implementation for users, available through Bybit’s official API documentation portal. Users may find out more at: https://bybit-exchange.github.io/docs/v5/earn/product-info

#Bybit / #TheCryptoArk

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-earn-pilots-openapi-integration-into-flexible-savings-302385911.html

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Disclaimer

ALL INDIVIDUALS WHO PURCHASED OR ACQUIRED IMPACT THEORY FOUNDER’S KEYS BETWEEN OCTOBER 13, 2021, AND DECEMBER 6, 2021

Written by CryptoCurrencyNews on February 25, 2025. Posted in Cryptocurrency.

COSTA MESA, Calif., Feb. 24, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., Fund Administrator for the United States Securities and Exchange Commission, regarding the Impact Theory Fair Fund and Plan of Distribution.

NOTICE OF FAIR FUND DISTRIBUTION PLAN
In the Matter of Impact Theory, Inc.
Administrative Proceeding File No. 3-21585

For more information, visit www.ImpactTheoryFairFund.com

The United States Securities and Exchange Commission (“SEC”) has settled administrative proceedings (the “Order”) against Impact Theory (the “Respondent”). In the Order, the SEC found that from October 13, 2021, to December 6, 2021, Impact Theory violated Sections 5(a) and 5(c) of the Securities Act by offering and selling crypto asset securities known as Founder’s Keys without having a registered statement filed or in effect with the SEC or qualifying for an exemption from registration.

The SEC ordered the Respondent to pay $5,120,718.27 in disgorgement, $483,195.90 in prejudgment interest, and a $500,000.00 civil money penalty, for a total of $6,103,914.17, to the SEC. The SEC also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty collected, along with the disgorgement and interest collected, could be distributed to harmed investors (the “Fair Fund”).

The Fair Fund will be paid out according to the Plan of Distribution (“Plan”).

A summary of the eligibility criteria and claims process is below. Full details are available at www.ImpactTheoryFairFund.com. You may also request a copy of the Plan from the Fund Administrator via email at info@ImpactTheoryFairFund.com or by calling 833-285-3401.

Who is eligible to receive a payment from the Fair Fund? To receive a payment, you must have:

purchased or acquired Founder’s Keys between October 13, 2021, and December 6, 2021;
submitted a timely Claim Form;
suffered a Recognized Loss as calculated under the Plan; and
not been an Excluded Party under the Plan.

How do I submit a Claim? The easiest way to submit a claim is online at the Impact Theory Fair Fund website: www.ImpactTheoryFairFund.com. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time on August 15, 2025.

If you are unable to submit a Claim Form online and/or you have lost relevant credentials associated with wallets and/or exchanges required as part of an online claim, you may request a copy of the paper Claim Form from the Fund Administrator via email at info@ImpactTheoryFairFund.com or by calling 833-285-3401. You may also download a copy of the Claim Form to print at: www.ImpactTheoryFairFund.com. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, then received) by August 15, 2025.

The Fund Administrator will send a Determination Notice advising each claimant who timely submitted a Claim Form of their eligibility determination and will provide a calculation of Recognized Loss to those determined to be Eligible Claimants. The Fund Administrator may consider disputes of an Eligible Claimant’s Recognized Loss calculation if timely submitted in accordance with the Plan.

This notice is a summary. For more information, visit
www.ImpactTheoryFairFund.com

View original content:https://www.prnewswire.com/news-releases/all-individuals-who-purchased-or-acquired-impact-theory-founders-keys-between-october-13-2021-and-december-6-2021-302382047.html

SOURCE Simpluris Inc.

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Bybit Defies Odds: How the Largest Crypto Hack in History Became a Test of Resilience and Transparency

Written by CryptoCurrencyNews on February 24, 2025. Posted in Cryptocurrency.

DUBAI, UAE, Feb. 23, 2025 /PRNewswire/ — In a remarkable display of resilience and professionalism, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has successfully navigated the largest hack in crypto history. On February 21, 2025, hackers stole approximately $1.5 billion in digital assets from Bybit’s Ethereum wallet, marking the biggest cryptocurrency heist ever recorded. Despite this unprecedented breach, Bybit’s swift and transparent crisis management ensured that the crypto market remained stable, with no significant price volatility.

Swift Crisis Management

Bybit’s response to the hack was marked by swift action, transparency, and professionalism. Ben took immediate ownership of the situation, addressing the community within 30 minutes via X and conducting a livestream session just one hour after the incident. This live session, which lasted over two hours, provided real-time updates and detailed explanations, ensuring that all stakeholders were informed and reassured. Bybit’s prompt and open communication effectively prevented panic and maintained trust in the exchange, setting a high standard for crisis management in the crypto industry

Throughout the crisis, Bybit’s withdrawal and product services remained uninterrupted, with clients able to access support and their respective relationship managers at all times. This seamless continuity was a testament to the team’s preparedness and efficiency, even under extreme pressure.

Industry Unity in Support of Bybit

The crypto industry rallied around Bybit, demonstrating a united front against security threats. Major exchanges blacklisted the hacker’s wallets, preventing further movement of stolen funds. This unprecedented show of unity underscores the growing maturity of the crypto sector, where competitors become allies in times of need.

Client Fund Protection

Despite the significant scale of the hack, Bybit’s 1:1 reserve guarantee ensured that client assets remained fully intact. Bybit CEO Ben Zhou reassured users that Bybit is solvent and can cover the loss, emphasizing that all client assets are backed on a one-to-one basis. This guarantee demonstrates Bybit’s financial stability and commitment to user security.

Regulatory and Law Enforcement Collaboration

Bybit worked closely with regulators and law enforcement agencies to address the hack. This collaboration not only facilitated a swift response but also set a precedent for future cooperation between the crypto industry and regulatory bodies. As the incident unfolds, further developments are expected from this front, potentially leading to enhanced security measures and regulatory frameworks.

Rapid Recovery

Bybit demonstrated remarkable resilience in the face of the crisis, processing over 350,000 withdrawal requests efficiently within 12 hours of the hack. Despite the surge in withdrawal requests, the exchange ensured that all transactions were completed without significant delays, showcasing the team’s professionalism and experience in managing critical incidents. Bybit’s operations quickly returned to normal, with client activity rebounding to pre-hack levels within 24 hours. This swift recovery underscores the trust that clients and investors have in Bybit’s crisis management capabilities, highlighting the exchange’s ability to maintain stability even in the most challenging circumstances

Bybit’s handling of the recent hack sets a new industry standard for crisis management. The exchange’s ability to turn a potentially disastrous event into a demonstration of resilience and transparency is a testament to its long-standing culture of responsibility and openness. This incident highlights not just Bybit’s operational excellence but also the growing maturity and unity of the crypto industry as a whole.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Logo – https://www.007stockchat.com/wp-content/uploads/2024/03/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-defies-odds-how-the-largest-crypto-hack-in-history-became-a-test-of-resilience-and-transparency-302382869.html

Featured Image: depositphotos @ jirkaejc

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Bybit Expresses Deep Gratitude as Crypto Industry Unites Against Security Threats

Written by CryptoCurrencyNews on February 23, 2025. Posted in Cryptocurrency.

DUBAI, UAE, Feb. 22, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, extends its heartfelt thanks to the global crypto community for the overwhelming support received in the wake of a recent security incident. This unprecedented show of solidarity has not only reinforced Bybit’s resilience but has also laid the foundation for stronger industry-wide measures to counter and prevent future hacking incidents. From institutional liquidity providers to leading blockchain security firms, the swift and coordinated response has exemplified the strength of the Web3 community.

A United Front Against Threats

As soon as the incident was detected, Bybit’s security team took immediate action—locking down systems, securing funds, and collaborating with top cybersecurity experts. The exchange received overwhelming support from key players across the industry, all working together to track, contain, and mitigate the impact of the exploit.

Ben Zhou, Co-Founder and CEO of Bybit, expressed his gratitude:

“It’s been a challenging period for Bybit, but one thing is clear—our partners have our backs. The support from Antalpha Global, Bitget, Pionex, MEXC, SoSoValue, Galaxy Digital, FalconX, Lido Finance, Solana Foundation, Ton Foundation, Ghaf Capital, Fenbushi, Bitvavocom, Tether and many others has been nothing short of incredible. Your trust, quick action, and solidarity mean everything. We’re moving forward, stronger and more determined than ever. Thank you for standing with us.”

Industry Leaders Take Immediate Action

Several major players in both DeFi and CeFi swiftly mobilized to prevent further movement of stolen funds and uphold market stability:

Orbiter, deBridge, SynFutures, MYX, Thruster and Owlto blacklisted exploit-related addresses, preventing unauthorized transfers.
Chainalysis rapidly tracked and published the exploiter’s wallet addresses, enabling a coordinated industry-wide response.
SIS cross-chain bridge stepped up to block associated addresses, restricting the attacker’s ability to launder assets.
Zero Shadows activated its 24/7/365 Global Response team, collaborating closely on Bad Actor Tracing and Identification, Funds Tracing, and Law Enforcement Communications to support the investigation and recovery efforts.
Institutional clients, including TMSI, Bayside trading, Mathrix, Wintermute, Cumberland, GSR Markets, maintained their trading positions, reinforcing stability amid uncertainty.

“Their trust in us, despite the circumstances, speaks volumes about the maturity and resilience of this industry,” Ben added. “It shows a defining moment that proves crypto’s strongest players stand together when it matters most.”

A Community That Stands Together

Bybit also acknowledged the unwavering support from its VIP clients, traders, and broader user base. Messages of encouragement and patience from the community have been instrumental as the exchange works around the clock to enhance security measures and safeguard funds.

“While this has been a difficult moment, it is also a powerful reminder of why we are here—to build an open, resilient, and decentralized financial future,” Ben said. “The real work has just started, and with this level of unity in this space, we know we’ll come back even stronger.”

Bybit remains committed to transparency and will continue to provide updates as it implements additional security enhancements. The exchange is working closely with industry leaders to set new standards for crisis management, ensuring the safety and trust of its users while strengthening the broader industry’s defenses against future threats.

#Bybit / #TheCryptoArk

//ENDS

About Bybit

For more details about Bybit, please visit Bybit Press.

For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-expresses-deep-gratitude-as-crypto-industry-unites-against-security-threats-302382806.html

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CoinW First to List PI Perpetual Futures with the Highest Leverage – Launches Massive 43,000 USDT Trading Campaign

Written by CryptoCurrencyNews on February 22, 2025. Posted in Cryptocurrency.

HONG KONG, Feb. 22, 2025 /CNW/ — CoinW, a leading global cryptocurrency trading platform, proudly announces the listing of Pi Network (PI) perpetual futures, becoming the first major exchange to offer PI perpetual futures with the highest leverage in the market. The listing goes live on February 20, 2025, at 16:00 (UTC+8), coinciding with Pi Network’s highly anticipated mainnet launch. To celebrate this milestone, CoinW is introducing an exciting campaign with cashback rewards, trading competitions, and exclusive bonuses, featuring a total prize pool of 43,000 USDT.

Pi Network: A Game-Changer with Unprecedented Growth

Since its launch in 2019 by Stanford alumni Nicolas Kokkalis and Chengdiao Fan, Pi Network has grown into a global community of over 18 million KYC-verified users. Its innovative mobile-mining model and user-friendly consensus mechanism—based on the Stellar Consensus Protocol (SCP)—have democratized access to cryptocurrency. With 8 million users already migrated to the closed mainnet, the open mainnet is set to launch on February 20, 2025. Industry analysts expect this milestone to significantly influence PI’s market performance as it becomes accessible to the broader crypto trading ecosystem.

CoinW Leads the Charge with Exclusive Perks

As the first exchange to launch PI perpetual futures, CoinW is setting a new industry standard by offering the highest leverage available. This strategic move aligns with Pi Network’s vast, community-driven growth, providing traders with unique opportunities to capitalize on the anticipated market momentum.

Campaign Duration: February 20, 2025 – March 7, 2025 (UTC+8)

CoinW users can automatically participate in this campaign by trading PI spot or futures and unlocking rewards through four exciting sub-events.

Sub-event 1: New User Exclusive Gifts – Instant Rewards for First Trades

New users who register and trade PI for the first time during the campaign period will enjoy special welcome bonuses:

Spot Trading Bonus: First-time PI spot traders with a trading volume of at least 50 USDT will receive 10 USDT in futures bonus.
Futures Trading Bonus: First-time PI futures traders with a trading volume of at least 300 USDT will receive 10 USDT in futures bonus.
Extra Super Bonus: New users who registered after February 13, 2025, and trade PI futures will receive an additional 10-200 USDT in futures bonus.
- Total prize pool: 10,000 USDT – first come, first served!

Sub-event 2: Trading Leaderboard – Compete for Top Rewards!

During the campaign, users who trade PI will be ranked based on their total trading volume, with the top traders earning significant USDT rewards:

Spot Trading Leaderboard Rewards:

1st place: 1,000 USDT in PI (Minimum 100,000 USDT trading volume)
2nd place: 600 USDT in PI (Minimum 80,000 USDT trading volume)
3rd place: 400 USDT in PI (Minimum 50,000 USDT trading volume)
Ranks 4-100: Share 6,000 USDT in PI proportionally based on trading volume

Futures Trading Leaderboard Rewards:

1st place: 1,000 USDT in PI (Minimum 6,000,000 USDT trading volume)
2nd place: 600 USDT in PI (Minimum 3,000,000 USDT trading volume)
3rd place: 400 USDT in PI (Minimum 2,000,000 USDT trading volume)
Ranks 4-100: Share 8,000 USDT in PI proportionally based on trading volume

Sub-event 3: Cashback Airdrop – Get Rewarded for Buying High!

To boost trading momentum, CoinW is introducing an exclusive cashback airdrop! The top 10 highest buy orders during the campaign will receive a 10% cashback airdrop, with 5,000 USDT maximum.

Sub-event 4: Invite Friends and Earn Together!

CoinW believes in rewarding its community. Simply invite new users to trade PI, and both you and your referrals will earn rewards:

Invite a new user who completes at least 100 USDT in spot trading or 300 USDT in futures trading, and both users will receive 3 USDT in PI rewards.
Total prize pool: 10,000 USDT in PI!

About CoinW

CoinW is a globally recognized cryptocurrency exchange known for its secure, user-friendly platform and innovative trading products. Operating in over 200 countries and regions, CoinW remains committed to empowering the crypto community with advanced tools and accessible trading experiences.

Website: https://www.coinw.com/

Twitter Official?https://twitter.com/CoinWOfficial

Telegram: https://t.me/coinwoff

YouTube Official: https://www.youtube.com/@CoinWOfficial

Linkedin: https://www.linkedin.com/company/coinwofficial/