Bybit, the world’s second-largest cryptocurrency exchange by trading volume, received a Certificate of Appreciation from the Korean National Police Agency at the 27th International Symposium on Cybercrime Response in Seoul. The award was presented by Yoo Jae-seong, Acting Commissioner General of the Korean National Police Agency, and accepted by Coco Heng, Head of Law Enforcement at Bybit. Bybit was the only cryptocurrency exchange recognized at ISCR 2026.
The symposium focused on “Perfect Cube: Three Dimensions for Shaping New Digital Order,” emphasizing standards, technology and cooperation. Bybit’s nomination by the Korean National Police Agency highlights the growing coordination between exchanges and law enforcement in tracing stolen or fraud-linked digital assets across multiple blockchains and jurisdictions.
The recognition follows Bybit’s H1 2026 Risk & Security Report, which detailed significant security results. The company said it intercepted more than $700 million in potential user losses after reviewing over 30,000 suspicious withdrawal requests. It also identified about $212 million in potential fraud-linked on-chain funds and blacklisted more than 10,000 malicious addresses. Bybit expanded monitoring to cover 100% of business-relevant on-chain activity, including listed token contracts and ecosystem wallets.
During the first half of 2026, the exchange handled 10 security incidents involving listed token projects with zero resulting platform losses. AI-assisted analysis processed over 100,000 security alerts, while AI-assisted security auditing identified high-severity vulnerabilities at three to five times the rate of manual review. Bybit also reduced security assessment-to-testing time from roughly two weeks to two hours. Coco Heng said cybercrime does not stop at borders, and the company remains committed to sharing intelligence and supporting investigations to make the digital-asset ecosystem harder for criminals to exploit.
