Upcoming Wallet Upgrade and Internal Fund Movements Starting Jul 7

Bybit • Latest Bybit News

Tags: BTC • ETH

At Bybit, we are committed to transparency and the highest standards of security. As part of our ongoing efforts to enhance platform infrastructure and safeguard user assets, we will be carrying out a wallet system upgrade starting July 7, 2025.This upgrade involves the creation of new hot wallets and a series of internal fund transfers to rebalance and optimize wallet distribution across our system. What You Need to Know:

• These fund movements are entirely internal and are part of routine operational upgrades.
• The transfers will involve moving funds from existing hot wallets to newly created ones.
• These changes are part of our continued efforts to strengthen wallet infrastructure and security protocols.
• Your funds are completely safe, and no action is required from you at any stage.

What to Expect:

• You may notice on-chain fund movements between wallet addresses — this is expected and part of the planned update.
• The timeline for completion may vary depending on the operational scope.
• We will share a follow-up announcement once the upgrade is complete via our official social media channels.

We’re sharing this proactively to keep our community fully informed and confident in the steps we take to protect your assets. Thank you for your continued trust and support.

Source: Bybit Official Announcement — originally published on Mon, 07 Jul 2025 06:42:09 GMT.