Crypto exchange Bybit reported recovering $300 million for users in 2024 as part of a major security initiative. The funds were intercepted using a new AI-driven risk framework designed to combat impersonation scams and fraud. The exchange also blocked over 3 million credential-stuffing attempts linked to account-takeover schemes throughout the year.
Bybit announced the results of its 2025 security efforts, stating it intercepted $300 million in fraudulent transactions. This recovery protected the savings of more than 4,000 users from impersonation scams.
The exchange stated on social media, “We raised the standard in 2025, intercepting $300M in impersonation scams and fraud through our new AI-driven risk framework.” Its proprietary AI models identified 350 high-risk investment fraud addresses using on-chain data.
During the fourth quarter alone, the platform flagged $500 million in withdrawals for review. Of that total, the successfully intercepted $300 million was part of the broader recovery effort.
The initiative also involved blocking over 3 million credential-stuffing attempts tied to account-takeover schemes in 2025. Its system automatically labeled 350 suspicious addresses and manually tagged 600 more via internal operations.
David Zong, Head of Group Risk Control at Bybit, said the firm integrated AI with real-time intelligence from industry partners. “We not only just protect Bybit users but also help map the DNA of fraudulent networks,” he wrote.
The exchange’s protection model structures scam scenarios into three escalating tiers while preserving normal trading. At the highest risk level, addresses linked to confirmed scams face immediate withdrawal blocking and a mandatory cooling-off period.
