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## Bybits Comeback to India Following Regulatory Approval, But a Huge Intrusion Threatens
Great news for Indian digital currency traders! Bybit exchange has formally restarted its services in India after obtaining the go-ahead from local regulators. This indicates that current users can plunge back into the platform, and new sign-ups will be presented soon.
This occurs after a short break in January due to regulatory obstacles as Bybit was seeking the required authorizations to operate in India. The exchange has now fulfilled the requirements, permitting Indian users to trade openly and utilize all of the platform’s features.
Bybit’s reappearance is happening at an essential time, with major participants like Binance strongly competing for a piece of the Indian market. In spite of regulatory difficulties, India remains a key market for digital currency businesses, with acceptance and trading volumes on the upswing.
## Security Violation
However, this favorable declaration is eclipsed by a current, massive security violation.
On February 21, Bybit experienced an astonishing $1.5 billion intrusion, one of the biggest digital currency robberies ever recorded. The attack targeted the exchange’s Ethereum cold wallets, with hackers circumventing multi-signature security protocols.
Blockchain analysts are pointing fingers at the Lazarus Group, a North Korean hacking collective recognized for high-profile cyber thefts, including the Ronin and WazirX hacks.
Park Jin Hyok, a long-time suspected member of Lazarus, has emerged as a key figure. Supposedly involved in the 2014 Sony hack and the 2017 WannaCry ransomware attack, Park is said to have steered the group towards digital currency crime. Lazarus reportedly infiltrates digital currency companies with agents, utilizing phishing and insider information to bypass security.
The Bybit breach follows a familiar pattern of laundering stolen assets through decentralized protocols. In 2024 alone, North Korean hackers have stolen a reported $1.34 billion.
In a mere couple of months, they have not just accomplished their objectives for 2025, but they have completely shattered them! It is as if they have skipped ahead to what is coming and are now competing at an entirely different level. Ripple (XRP) Cost Forecast for March 26th
