- Bybit dismisses hacking rumors, assures users of asset security.
- ASTER token launches on Bybit, marking a significant debut.
- Bybit offers 100,000 USDT rewards to boost ASTER participation.
Bybit swiftly denied rumors of a massive security breach after claims surfaced on social media that the exchange had been hacked and lost $1.5 billion in Ethereum (ETH). These allegations, originating from Xiaohongshu, a popular Chinese social platform, were quickly addressed by the exchange.
Bybit reassured its users that all assets remained secure and that its industry-grade security systems were fully operational. The exchange further emphasized the importance of relying on official channels for updates to avoid misinformation.
Despite the rumors, Bybit proceeded with the debut of its new token, ASTER, which emerged from the merger between Astherus and APX Finance. The exchange became the first major platform to list ASTER, gaining an edge over competitors in the process.
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The token, which operates on the Binance network, has already attracted attention due to backing from prominent figures like Binance CEO CZ. In Q3 2025 alone, ASTER generated over $6 million in revenue, showcasing growing interest and success within the decentralized finance (DeFi) space.
Bybit’s Strategic Campaign to Boost ASTER’s Popularity
To encourage greater user participation, Bybit introduced a promotional campaign featuring a 100,000 USDT reward pool. The campaign is divided into two phases, targeting both new and existing users.
New users are incentivized with 50,000 USDT upon completing verification, depositing the required assets, and executing qualifying trades. For existing users, the second phase encourages them to trade at least 500 USDT worth of ASTER on the spot market, with individual rewards capped at 800 USDT.
Bybit’s swift response to the hacking rumors, combined with its strategic promotion of ASTER, highlights the exchange’s commitment to maintaining user trust and expanding its offerings. As the first exchange to list ASTER, Bybit continues to strengthen its position in the competitive crypto market, attracting attention from both investors and traders.
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