After obtaining approval from Indian authorities, Bybit resumed trading in India, as the exchange announced on February 25.
The update gives current users full access to Bybit’s platform again, and new user onboarding will also start gradually.
Citing regulatory issues, the exchange discontinued several services in January. Bybit then applied for an operational license from India’s Financial Intelligence Unit.
Bybit Resumes Trading In India
According to the most recent announcement, Bybit resumes trading in India after complying with regulatory standards, enabling Indian users to use all platform features and open new trades.
The timing of Bybit’s comeback is crucial because, despite regulatory scrutiny, big exchanges like Binance are still fighting for market share in India. With rising adoption and trading volumes, the nation continues to be a significant market for cryptocurrency companies.
Bybit 1.4B Asset Hack
After Bybit recently experienced a significant security breach, the announcement comes after a tumultuous time.
The most significant cryptocurrency theft occurred on February 21, when Bybit was compromised for $1.5 billion. Hackers tricked the exchange’s multi-signature security measures to target its Ethereum cold wallet.
Blockchain experts attributed the hack to North Korea’s Lazarus Group, which is well-known for high-profile cybercrimes like the WazirX and Ronin hacks.
One crucial figure was Park Jin Hyok, a long-suspected member of Lazarus. Hyok was said to have spearheaded the group’s transition to cybercrimes after being connected to the 2014 Sony hack and the 2017 WannaCry ransomware. Lazarus used insider information and phishing to get around security by embedding agents in cryptocurrency companies.
The Bybit hack was part of a trend of using decentralized protocols to launder stolen assets. Within two months of 2025, North Korean hackers had already surpassed the $1.34 billion they had stolen in 2024.
