Bybit Detects and Blocks Coordinated Fake Deposit Attacks, Preventing Over $1 Billion DOT in Potential Losses
**media[1004847]**DUBAI, UAE, April 8, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announced that its Group Risk Control team detected and blocked a series of coordinated fake deposit attacks across multiple blockchain networks, preventing potential losses exceeding 1 billion DOT. All attempts were identified and neutralized in real time. No funds were incorrectly credited, and no users were affected. Fake deposit attacks, which targeted multiple blockchain networks, employed increasingly sophisticated techniques designed to exploit vulnerabilities in deposit scanning systems. The attacks are designed to deceive exchange systems into crediting funds that were never actually received. These attacks exploit how transactions are processed and validated, allowing them to appear legitimate while failing or resulting in no actual balance change.
DUBAI, UAE, April 8, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announced that its Group Risk Control team detected and blocked a series of coordinated fake deposit attacks across multiple ... [5009 chars]
Published by: The Manila Times
Read full article here: https://www.manilatimes.net/2026/04/08/tmt-newswire/pr-newswire/bybit-detects-and-blocks-coordinated-fake-deposit-attacks-preventing-over-1-billion-dot-in-potential-losses/2316117
