Bybit Restores Services to Indian Users After Registration and Security Breach

Cryptocurrency exchange Bybit has re-entered the Indian market after obtaining necessary registration with government authorities and addressing a significant security breach. The exchange halted services in India earlier this year following a penalty from the Financial Intelligence Unit (FIU) for not complying with anti-money laundering regulations. This comes after Bybit faced an unprecedented $1.4 billion theft by the Lazarus Group, a North Korean-backed cybercrime syndicate.