DUBAI, UAE — Bybit, the world's second-largest cryptocurrency exchange by trading volume, has been recognized by the Korean National Police Agency (KNPA) for its contribution to cybercrime investigations and international cooperation. The recognition highlights the exchange's ongoing collaboration with law enforcement and regulators to trace illicit funds, share intelligence and strengthen the global response to crypto-related cybercrime.

At the 27th International Symposium on Cybercrime Response (ISCR 2026), held in Seoul on August 27–28, the KNPA presented Bybit with a Certificate of Appreciation in recognition of its contribution to strengthening cooperation between the two organizations, particularly in the investigation of cybercrime. The certificate was presented on stage by Yoo Jae-seong, Acting Commissioner General of the Korean National Police Agency, and received on behalf of Bybit by Coco Heng, Head of Law Enforcement at Bybit.

Bybit was nominated for the recognition by the KNPA itself. The company was the only cryptocurrency exchange to receive a Certificate of Appreciation at ISCR 2026, a distinction that underscores the importance of collaboration between the digital-asset industry and law enforcement in addressing increasingly sophisticated cybercrime. For readers outside the sector, the award reflects how digital-asset platforms have become working counterparts in international cybercrime response — stolen or fraud-linked funds often surface on trading venues at some stage of their movement, making exchange cooperation a practical requirement for tracing cases across borders.

Hosted by the KNPA Investigation Bureau

ISCR is hosted annually by the Korean National Police Agency's Investigation Bureau and brings together government, industry and academia to advance cybercrime response and cybersecurity cooperation. The 2026 symposium focused on "Perfect Cube: Three Dimensions for Shaping New Digital Order highlighting standards, technology and cooperation as key pillars for building a safer digital environment. Honoring a cryptocurrency exchange at a police-led forum sits squarely within that cooperative pillar, illustrating how public-sector investigators now draw on private-platform capabilities in their casework.

Cooperation beyond the platform

Bybit's approach to security extends beyond protecting its own platform. The company works with law enforcement agencies, regulators, blockchain intelligence providers and industry partners to support investigations, trace illicit funds and provide intelligence that can help authorities identify the movement of stolen or fraud-linked assets.

Through its law enforcement function, Bybit responds to requests from authorities across jurisdictions and works with investigators to support the tracing of digital assets and the development of actionable intelligence. This cooperation is increasingly important as cybercriminal groups move assets across multiple blockchains, platforms and jurisdictions — a reality that makes the responsiveness of individual platforms a practical factor in whether cross-border cases can move forward.

"Cybercrime does not stop at borders, and neither should the cooperation needed to fight it," said Coco Heng, Head of Law Enforcement at Bybit. "Our responsibility is not only to protect our users and our platform, but also to work constructively with law enforcement and regulators when digital assets are connected to criminal activity. The recognition from the Korean National Police Agency is a meaningful acknowledgement of that work. We are grateful for the trust placed in our team and remain committed to sharing intelligence, supporting investigations and helping make the digital-asset ecosystem harder for criminals to exploit."

Turning security data into action

The recognition follows the publication of Bybit's H1 2026 Risk & Security Report, which details the company's continued investment in security, risk controls and cybercrime prevention.

According to the report, Bybit intercepted more than $700 million in potential user losses during the first half of 2026 after reviewing more than 30,000 suspicious withdrawal requests. The company also identified approximately $212 million in potential fraud-linked on-chain funds and blacklisted more than 10,000 malicious addresses.

Bybit expanded its monitoring during the period to cover 100% of business-relevant on-chain activity, including listed token contracts, ecosystem contracts and the company's cold, warm and hot wallets. The exchange handled 10 security incidents involving listed token projects, with zero resulting losses to the platform. The volumes offer a sense of the scale of abuse attempts that large venues screen for, and of why platform-level controls have become a frontline element of consumer protection.

The report also details the growing role of artificial intelligence in Bybit's security operations. More than 100,000 security alerts were processed with AI-assisted analysis during the first half of 2026, while AI-assisted security auditing identified high-severity vulnerabilities at three to five times the rate of manual review. Bybit also reduced the time required to move from security assessment to testing from approximately two weeks to two hours.

For the company, these capabilities form part of a broader shift from responding to individual incidents toward building an always-on security framework that combines technology, intelligence, human expertise and external cooperation.

Building a safer digital-asset ecosystem

As digital-asset adoption expands, Bybit holds that effective cybercrime response requires stronger coordination between private-sector platforms and public-sector authorities. The company says it will continue to strengthen its security infrastructure while expanding cooperation with law enforcement agencies, regulators and industry partners globally, with the objective of detecting threats earlier, accelerating investigations and making illicit activity more difficult to execute and profit from. With the H1 2026 report establishing a baseline and further cooperation commitments now on record, the exchange's security metrics and law-enforcement relationships offer concrete points to watch in future reporting cycles.

The recognition at ISCR 2026 represents an important milestone in that effort and reinforces Bybit's commitment to contributing to a safer and more trusted digital-asset ecosystem.

About Bybit

Bybit describes itself as "The New Financial Platform," built on the belief that every person should have access to every financial opportunity. Trusted by more than 80 million users worldwide, the platform brings together investing, trading, payments and wealth-building in a single secure ecosystem, combining AI-powered technology, deep global liquidity, robust security and transparent operations.