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Reliability Score · methodology v1.0 · updated 2026-08-16

Bybit: 84/100

Six components, each with its reason and sources below — the timeline keeps the full incident record visible.

Score over time

8384 across 199 daily readings since 2026-06-23. The burgundy point is today.

Score breakdown

Withdrawal reliability weight 25%

100

No recorded withdrawal halts or freezes within the 24-month decay window.

Proof of reserves weight 20%

90

Monthly Merkle-tree PoR audited by Hacken with on-chain wallets (29th report, Dec 2025: BTC 105% / ETH 101% / USDT 102%).

source 1

Regulatory standing weight 20%

75

MiCAR CASP licence (Austria FMA, decision 2025-05-28) with European HQ in Vienna, passporting across the EEA. India FIU penalty ~$1.06M paid with registration completed (2025); exited UK retail under FCA promotions rules (2023), relaunched 2025/26; no US licence.

source 1 · source 2

Security history weight 15%

83

1 recorded security incident within the 24-month window, weighted by severity, recency and reimbursement.

source 1

Support quality weight 10%

56

Trustpilot 2.8/5 (~7,300 reviews, 2026-06-10) as a complaint-pattern proxy.

source 1

Operational maturity weight 10%

78

Founded 2018; top-10 spot, top-tier derivatives. Operational stress test on record: during the Feb 2025 hack it kept withdrawals open and processed 99.994% of >350,000 requests within ~10 hours.

source 1

Incident timeline · facts with dates

  • 2025-02-21

    Security · sev 4

    Approx. $1.4–1.5B in ETH stolen on 2025-02-21 via compromised third-party wallet infrastructure (FBI attributed to Lazarus) — the largest crypto theft on record. Withdrawals stayed open; the gap was closed within ~72h and 1:1 client backing restored (subsequently Hacken-audited); no user losses reported.

    source
  • 2025-01-31

    Regulatory · sev 2

    India FIU penalty of ~$1.06M for operating without registration (2025-01-31); paid, with FIU registration completed in Feb 2025.

    source

How this score is computed — weights, rubrics, decay, neutrality: /exchanges/methodology. All venues: /exchanges.

More on Bybit: hidden spread · withdrawal fees · head to head: vs Binance · vs Kraken · vs Bitget · vs Bitpanda · vs Bitstamp

Not investment advice. Skontro is not a CASP under MiCAR. Reliability Scores are information, not recommendations: every negative datapoint is dated and sourced, the methodology is public, and no exchange can pay to change a score.