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Bybit suffered a $1.4 billion security breach in February 2025, which resulted in the theft of $1.4 billion in crypto

Zodia Custody is backed by major financial institutions, including Standard Chartered, Northern Trust, and SBI Holdings

The Bybit–Zodia Custody partnership enables off-venue settlement to allow traders to execute transactions without pre-funding their exchange accounts, reducing risk exposure

Zodia Custody aims to maintain strict security standards, using SOC-certified infrastructure designed to meet institutional requirements

Bybit's collaboration with Zodia Custody provides segregated asset storage, significantly reducing risks related to hacking and insolvency

Bybit partnered with Zodia Custody to enhance security offerings for institutional clients

Bybit clients can trade cryptocurrencies while assets remain securely stored with Zodia Custody

The Bybit hack of February 2025 was linked to the North Korean Lazarus Group, which allegedly used malicious code to steal $1.4 billion in crypto assets

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