Bybit News: Bybit Web3 Streamlines Offerings, Plans to Discontinue NFT Marketplace and IDO Product Pages

In a strategic move to enhance user experience and optimize its ecosystem, Bybit Web3, the Web3 division of popular cryptocurrency exchange Bybit, has announced plans to discontinue its NFT Marketplace, Inscription Marketplace, and IDO product pages.

Bybit Web3 Streamlines Offerings to Enhance User Experience

Bybit Web3, the Web3 division of cryptocurrency exchange Bybit, announced plans to discontinue its NFT Marketplace, Inscription Marketplace, and IDO product pages on April 8, 2025, at 16:00 (UTC). This strategic move aims to optimize its ecosystem and provide a more seamless experience for users, following a comprehensive review of user needs and market trends. Users are advised to manage their assets before the discontinuation date.

$1.63 Billion Lost: Crypto Suffers Brutal Start to 2025

The crypto universe has undergone a financial earthquake. In the first quarter of 2025, hackers siphoned off $1.63 billion, shattering all records. The attack on Bybit in February 2025 was particularly devastating, with $1.53 billion stolen, accounting for 92% of the total losses. This attack remains one of the boldest in crypto history. January losses amounted to $87 million, setting a worrying trend that intensified in February. The incident highlights exploited flaws, vulnerable ecosystems, and the fragile resilience of decentralized systems.