How Bybit Secures Its Exchange Across Web3 and Web2 with BlockSec

Bybit, one of the world's largest cryptocurrency exchanges, works with BlockSec across its Web3 and Web2 security stack, covering smart contract audits, penetration testing, white-box code audits, threat intelligence and real-time monitoring with Phalcon Security.

About Bybit

Founded in 2018 and headquartered in Dubai, Bybit is one of the world's largest cryptocurrency exchanges, serving more than 80 million registered users.

The challenge: protecting an exchange across both Web3 and Web2

A major exchange is exposed on two fronts at once. On-chain, its smart contracts and wallets hold user assets and must withstand exploits and malicious transactions. Off-chain, its web applications, APIs and internal systems are constant targets, and every third-party service it relies on adds to its supply chain risk. A gap in either layer can put user funds at risk, so security has to cover the full stack and respond in real time.

How BlockSec helps: end-to-end security, from code to live monitoring

BlockSec supports Bybit's security team in four areas:

• Smart contract audits for Bybit's Web3 contracts before they go live

• Penetration testing and white-box audits of Web2 systems, testing applications and code from an attacker's perspective and assessing supply chain risk from third-party services

• Security intelligence on emerging threats, attack techniques and malicious addresses

• Real-time monitoring with Phalcon Security, giving Bybit on-chain tracking and continuous contract security monitoring

The result: one security partner across the stack

• A single partner covering Web3 contracts, Web2 systems, threat intelligence and live monitoring

• Security reviews before launch, combined with continuous on-chain tracking and contract monitoring after it

• A long-term partnership that has grown from BlockSec's early days to the use of each of its products

About BlockSec

BlockSec is a full-stack blockchain security and compliance provider. It has worked with more than 1,000 organizations, including leading exchanges, blockchains, DeFi protocols and payment companies, and has served more than 200 government agencies across over 60 countries and regions. Its team has published more than 50 research papers at leading security and systems conferences. BlockSec's products include Phalcon Security, Phalcon Compliance and MetaSleuth, alongside smart contract audits and penetration testing.

Learn more about BlockSec's solutions for centralized exchanges, explore BlockSec's customers, or talk to a BlockSec expert.