🚀 Crypto News: Bybit Reports $79 Million in Fraud Prevention!

🔹 Crypto exchange Bybit said it detected nearly $1 billion in suspicious withdrawal requests in the first half of 2024.

🔹 Thanks to enhanced security measures and AI technology, the exchange prevented the loss of over $79 million in client assets.

🔹 Bybit uses biometric authentication and behavioral analytics to combat fraud, including attempts using face-swapping technology.

🔹 Despite the challenges, the exchange has successfully processed over 30 million withdrawals and protected over $37 million in project funds.

What do you think about the security measures on crypto exchanges? Share your opinion in the comments! 💬