• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Digital Asset Forum, New York (November 13, 2026)
    • CryptoCon, Sydney (November 28–29, 2026)
    • iCrypto Awards: People’s Choice, Dubai (December, 2026)
    • Digital Asset Forum, London (February 1-2, 2027)
    • 6th FinTech Week & Expo, Paris (May 4-5, 2027)
  • Past Events

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Bybit Strengthens Compliance and Risk Processes

November 18, 2022 By GlobeNewswire

Company keen on a responsible and well-regulated crypto market

VICTORIA, Seychelles, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Bybit, the world’s third most visited crypto exchange, has announced it is enhancing its risk management controls as part of the company’s continued efforts to ensure the most secure environment for its customers and increase the resiliency of its platform.

The enhanced “wallet control system 3.0” covers the entire life cycle of user behavior and all business scenarios. The system uses multiple identifiers like geolocation, device ID and user ID. It tracks abnormal behavior, confirms the true identity and location of every client, blocks suspicious transactions, and detects intruders with pinpoint accuracy.

This cutting-edge security technology will allow Bybit to better identify, deter, defend, report, and act against potential intruders, attempted money laundering, and account theft. A significant step in supporting international efforts to enforce sanctions and transnational crime.

The new system will aid Bybit’s 300-strong risk management and technology management department to ensure the continued safety of Bybit’s operations. Bybit also has three security committees that cover technical risk, business risk and anti-money laundering (AML) respectively.

Transparency has long been a cornerstone of Bybit’s customer commitment and philosophy. The wallet control system will strengthen the company’s ability to monitor and comply with many local and international KYC, AML, and sanctions regulations.

This security enhancement is just one in a number of physical security, risk and compliance measures Bybit is embracing

“Our intention is always to provide maximum security and transparency for our clients,” said Gary Hamilton-Walker, global head of corporate affairs at Bybit. “We always look to provide the industry’s most robust and resilient standards and this addition to our customer and platform security will help us in providing even greater safe, secure, and compliant trading.”

#Bybit / #TheCryptoArk

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For media inquiries, please contact: press@bybit.com

For more information please visit: https://www.bybit.com/

For updates, please follow Bybit's social media platforms on Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, Twitter and YouTube.

 


Filed Under: News Feed

Primary Sidebar

Press Releases

Onramper Launches Chrome Extension to Compare Crypto Quotes From 30+ Providers Without Leaving the Page

October 23, 2026

Mercuryo Launches Swaps for Seamless Movement Between Digital Tokens

October 23, 2026

OKX Brings EUR and EURC Together in a Unified Order Book to Improve Euro-Denominated Crypto Trading

October 23, 2026

CoinFerenceX The Best Event Singapore 2026 Concludes Two-Day Web3 Summit, Bringing Together 3,000+ Attendees

October 22, 2026

GCEX Launches Options on Digital Assets for Professional and Institutional Clients

October 22, 2026

Follow Us

iCrypto Awards

Digital Asset Forum, London (February 1-2, 2027)

6th Fintech Week & Expo, Paris (May 4-5, 2027)

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2026 Crypto Reporter