Bybit Stock Exchange: Preventing $700 Million Theft with Artificial Intelligence

Bybit exchange, which lost 1.5 billion dollars to the North Korean Lazarus group, started to pay more attention to security after that period. Stock exchange management has made great progress recently by taking advantage of artificial intelligence developments. 20 thousand customers' money was saved

In the statement made by the stock exchange on the subject, it was stated that artificial intelligence-supported vehicles move much faster in security inspections and checks that used to take weeks are now reduced to hours. It was stated that between January 1 and June 15, thanks to artificial intelligence support, more than 30 thousand suspicious withdrawal requests were seen in the accounts of 20 thousand customers, these were blocked and examined, and a total theft of 700 million dollars was prevented. The exchange also informed that 212 million dollars worth of fraudulent activity was prevented and more than 10 thousand addresses were blacklisted, again thanks to artificial intelligence.

Crypto companies want AI access

As it is known, it was determined that artificial intelligence was used in the last Coldcard attack. Crypto companies also requested early access to advanced models from artificial intelligence companies. Companies led by Coinbase and Block also wrote a joint letter to companies for early access to the most powerful artificial intelligence models. In this way, it is aimed to find errors and vulnerabilities in many applications, wallets and other internet-connected areas much earlier than hackers.