Following a high-profile $1.46 billion hack this year that shook trust in Bybit, the cryptocurrency exchange has announced a strategic partnership with Zodia Custody to enhance security for institutional clients. This move comes as the crypto industry grapples with concerns about financial vulnerability and seeks to regain investor confidence. Bybit’s collaboration with Zodia Custody is designed to bolster asset storage and minimize exchange vulnerabilities. The partnership introduces off-venue settlement solutions from Zodia, a trusted custodian known for secure asset management, to Bybit’s institutional clients. This strategic move addresses security concerns and aims to ensure transparency and control over assets.