YieldHow safe is Bybit Earn,
really?
Instead of a vague 'trusted' badge, we grade Bybit Earn on five concrete, checkable criteria — each with sources. Here's exactly how it scores.
Criterion by criterion, with sources
- ✓ Regulation
Full UAE Virtual Asset Platform Operator License from the SCA (Oct 2025); also holds a provisional Dubai VARA license. Source →
- ✗ Proof-of-Reserves
Publishes annual Big Four audits, but no independent Merkle-tree PoR on the site. Latest audit: October 2025. Source →
- ✓ Flexible withdrawal
All Earn products are Flexible (withdraw any time). Locked products are tagged separately with higher rates. Source 1 → Source 2 →
- ✓ Insurance Fund
Insurance fund of $400M+, updated monthly, public report. Source →
- ✗ Track record (2+ years incident-free)
Operating since 2018. In February 2025 suffered the largest exchange hack in history — Lazarus Group (North Korea) stole ~$1.5B in ETH from its cold wallet. Bybit covered the shortfall within ~72 hours (bridge loans, >100% reserves re-verified) and users were kept whole. Source 1 → Source 2 →
Incidents we count
Known incidents
1- February 2025 Lazarus Group (North Korea) stole ~$1.5B in ETH from Bybit's cold wallet via a compromised Safe{Wallet} developer machine — the largest crypto exchange hack in history. Bybit covered all losses and made users whole. Source →
Current earn rates on Bybit Earn
| Asset | Rate | Type |
|---|---|---|
| ZIL | 20 % | flexible |
| AXL | 18.2 % | flexible |
| CHZ | 7.57 % | flexible |
| SENT | 6.96 % | flexible |
| RVN | 5.31 % | flexible |