Bybit CEO: By the end of last year, the stolen losses have been compensated, and the golden period of global expansion has passed

Bybit CEO Ben Zhou recently stated in an interview with Wu Shuo that Bybit has covered the losses caused by previous attacks from North Korean hackers through operational income such as transaction fees by the end of last year. He believes that there will still be trading platforms that encounter hacker attacks in the future, and the security system should be designed with the premise of "assuming it will definitely be hacked."

Regarding competition, Ben Zhou believes that the golden period for the expansion of global trading platforms has passed, and the industry will further consolidate. Regional trading platforms with licenses and local operational capabilities still have opportunities. He revealed that Bybit's profits have declined year-on-year this year, and traditional asset trading businesses such as stocks are currently not enough to offset the impact brought by the cryptocurrency business.

In terms of the U.S. market, he stated that Bybit is still waiting for the right opportunity to enter and is more inclined to cooperate with local institutions that have a retail user base. The core strategy for the next year will focus on regional development and deep localization. He also discussed the differences between the Bitget security incident and the Bybit theft incident, as well as the data security challenges brought by the large-scale application of AI within the platform.