Recently, ByBit lost an estimated USD 1.4 billion in a massive hack, revealing significant vulnerabilities within the crypto ecosystem. This roundtable examines the incident’s root causes and addresses its broader policy implications from cybersecurity and AML/CFT/CPF perspectives. We will also investigate the illicit use of crypto-assets and stablecoins, considering potential countermeasures—such as on-chain sanctions screening—to enhance compliance. Featuring insights from subject-matter experts representing BACs, DeFi, and regulatory authorities, this session aims to chart a safer, more resilient, and globally coordinated future for digital assets.
Safeguarding the Crypto Ecosystem: Lessons from the ByBit Hack and the Imperative for Stronger Cybersecurity & AML/CFT Measures
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