Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has received a Certificate of Appreciation from the Korean National Police Agency (KNPA) for its contribution to cybercrime investigations and international law enforcement cooperation, according to information shared with Finbold on September 16, 2026.
The recognition was presented at the 27th International Symposium on Cybercrime Response in Seoul on August 27-28, making Bybit the only cryptocurrency exchange to receive the award at the event.
The certificate was presented on stage by Yoo Jae-seong, Acting Commissioner General of the KNPA, and received by Coco Heng, Head of Law Enforcement at Bybit. Bybit was nominated for the recognition by the KNPA itself, underscoring the depth of cooperation between the exchange and South Korean law enforcement authorities.
ISCR is hosted annually by the KNPA’s Investigation Bureau, bringing together government, industry, and academia to advance cybercrime response and security cooperation.
The 2026 edition focused on the theme “Perfect Cube: Three Dimensions for Shaping New Digital Order,” with standards, technology, and cooperation identified as the key pillars for building a safer digital environment.
Security report reveals $700M in intercepted losses and AI-driven vulnerability detection in H1 2026
“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.”
The recognition follows the publication of Bybit’s H1 2026 Risk and Security Report. During the first half of 2026, the company intercepted more than $700 million in potential user losses following the review of more than 30,000 suspicious withdrawal requests. It also identified approximately $212 million in potential fraud-linked on-chain funds and blacklisted more than 10,000 malicious addresses.
Bybit expanded its monitoring to cover 100% of business-relevant on-chain activity across listed token contracts, ecosystem contracts, and the company’s cold, warm, and hot wallets. Ten security incidents involving listed token projects were handled during the period, with zero resulting losses to the platform.
AI played a growing role in the company’s security operations during the period. More than 100,000 security alerts were processed with AI-assisted analysis, while AI-assisted security auditing identified high-severity vulnerabilities at three to five times the rate of manual review.
The time required to move from security assessment to testing was also reduced from approximately two weeks to two hours.
Featured image via Shutterstock.
