Bybit says trading and withdrawals unaffected as security scares hit other platforms

The exchange told users its funds are secure and services are normal while concerns swirl around Binance and Polymarket Bybit wants its users to know one thing: nothing is on fire over there. On October 29, 2026, the exchange said its platform is not affected by the security incidents rattling other corners of crypto. It added that trading and withdrawals are running normally and that user funds remain secure. The timing is deliberate. The statement landed while concerns were spreading about anomalous transfers and operational issues at Binance, plus a separate incident at Polymarket. Bybit also pushed users to rely on its official communication channels instead of whatever is circulating on social media. The broader backdrop is uneasy. Alongside the concerns about Binance, the Polymarket incident was serious enough that Tether and Circle froze certain transactions. Freezing means the issuer blocks specific tokens at the contract level so they can’t be moved. It’s a powerful tool, and its use is usually a sign that something has gone meaningfully wrong somewhere. The ghost of February 2025 Bybit has credibility on this topic for an uncomfortable reason. It has lived through a worst...