Bybit Recognized by Korean National Police Agency for Contribution to Cybercrime Response and Security Cooperation

Recognition at ISCR 2026 highlights Bybit's ongoing collaboration with law enforcement and regulators to trace illicit funds, share intelligence and strengthen the global response to crypto-related cybercrime

DUBAI, UAE, Sept. 16, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has been recognized by the Korean National Police Agency (KNPA) for its contribution to cybercrime investigations and international cooperation. At the 27th International Symposium on Cybercrime Response (ISCR 2026), held in Seoul from August 27–28, the KNPA presented Bybit with a Certificate of Appreciation in recognition of its contribution to strengthening cooperation between the two organizations, particularly in the investigation of cybercrime. The certificate was presented on stage by Yoo Jae-seong, Acting Commissioner General of the Korean National Police Agency, and received on behalf of Bybit by Coco Heng, Head of Law Enforcement at Bybit.

Bybit was nominated by the Korean National Police Agency for the recognition. The company was the only cryptocurrency exchange to receive the Certificate of Appreciation at ISCR 2026, underscoring the importance of collaboration between the digital-asset industry and law enforcement in addressing increasingly sophisticated cybercrime.

ISCR is hosted annually by the Korean National Police Agency's Investigation Bureau and brings together government, industry and academia to advance cybercrime response and cybersecurity cooperation. The 2026 symposium focused on "Perfect Cube: Three Dimensions for Shaping New Digital Order," highlighting standards, technology and cooperation as key pillars for building a safer digital environment.

Strengthening cooperation beyond the platform

Bybit's approach to security extends beyond protecting its own platform. The company works with law enforcement agencies, regulators, blockchain intelligence providers and industry partners to support investigations, trace illicit funds and provide relevant intelligence that can help authorities identify the movement of stolen or fraud-linked assets.

Through its law enforcement function, Bybit responds to requests from authorities across jurisdictions and works with investigators to support the tracing of digital assets and the development of actionable intelligence. This cooperation is increasingly important as cybercriminal groups move assets across multiple blockchains, platforms and jurisdictions.

"Cybercrime does not stop at borders, and neither should the cooperation needed to fight it," said Coco Heng, Head of Law Enforcement at Bybit. "Our responsibility is not only to protect our users and our platform, but also to work constructively with law enforcement and regulators when digital assets are connected to criminal activity. The recognition from the Korean National Police Agency is a meaningful acknowledgement of that work. We are grateful for the trust placed in our team and remain committed to sharing intelligence, supporting investigations and helping make the digital-asset ecosystem harder for criminals to exploit."

Turning security data into action

The recognition follows the publication of Bybit's H1 2026 Risk & Security Report, which details the company's continued investment in security, risk controls and cybercrime prevention.

According to the report, Bybit intercepted more than $700 million in potential user losses during the first half of 2026, following the review of more than 30,000 suspicious withdrawal requests. The company also identified approximately $212 million in potential fraud-linked on-chain funds and blacklisted more than 10,000 malicious addresses.

Bybit expanded its monitoring to cover 100% of business-relevant on-chain activity, including listed token contracts, ecosystem contracts and the company's cold, warm and hot wallets. During the period, the company handled 10 security incidents involving listed token projects, with zero resulting losses to the platform.

The report also details the growing role of AI in Bybit's security operations. More than 100,000 security alerts were processed with AI-assisted analysis during H1 2026, while AI-assisted security auditing identified high-severity vulnerabilities at three to five times the rate of manual review. Bybit also reduced the time required to move from security assessment to testing from approximately two weeks to two hours.

For Bybit, these capabilities are part of a broader shift from responding to individual incidents toward building an always-on security framework that combines technology, intelligence, human expertise and external cooperation.

Building a safer digital-asset ecosystem

As digital-asset adoption expands, Bybit believes effective cybercrime response requires stronger coordination between private-sector platforms and public-sector authorities.

The company will continue to strengthen its security infrastructure while expanding cooperation with law enforcement agencies, regulators and industry partners globally. Bybit's objective is to help detect threats earlier, accelerate investigations and make illicit activity more difficult to execute and profit from.

The recognition at ISCR 2026 represents an important milestone in that effort and reinforces Bybit's commitment to contributing to a safer and more trusted digital-asset ecosystem.

#Bybit / #NewFinancialPlatform 

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Bybit Recognized by Korean National Police Agency for Contribution to Cybercrime Response and Security Cooperation

NEW YORK, Sept. 16, 2026 /PRNewswire/ -- Hublot and Jeff Koons, two visionary forces renowned for transforming the ordinary, unveil a revolutionary collaboration that seamlessly merges watchmaking art with contemporary art; objects, time and symbols – transforming them into cultural icons. Available in three editions – mirror-polished stainless steel, red or blue anodized aluminum – the Classic Fusion Balloon Dog by Jeff Koons turns form into presence and time into something tangible.

The Classic Fusion Balloon Dog, inspired by Koons's iconic mirrored balloon sculptures, translates the emotional language of inflatables into a radical object of horology. This unprecedented collaboration, limited to 200 pieces per edition, breathes new life into the iconic forms of Koons' beloved Balloon Dog, transforming the sculpture into a captivating series of timepieces that redefine the boundaries of wearable art.

Jeff Koons' Balloon Dog (1994-2000), from his Celebration series started in the mid-1990s, takes a universally familiar object, the balloon animal and transforms it into something permanent. What is fragile, temporary and playful becomes monumental, precise and enduring. A fleeting childhood gesture is fixed into industrial perfection. This transformation defines Koons' practice: elevating the ephemeral into the iconic through absolute control of form, scale and finish.

This logic resonates directly with Hublot's approach to watchmaking. Since its founding in 1980 and the introduction of the original gold-and-rubber concept, later reinterpreted through the Big Bang in 2005 and the Classic Fusion in 2008, Hublot has consistently worked with time as a material, shaping the momentary into something that lasts beyond it.

"Translating Balloon Dog into the language of the Classic Fusion required far more than fusing an artwork with an existing watch. The challenge was to fundamentally reinterpret the architecture of the Classic Fusion through the visual and sculptural language of inflatable forms. Traditionally defined by its sleek and relatively flat profile, the Classic Fusion was entirely re-engineered to create the illusion of inflated volume and tension, as though each component had been shaped by air pressure," stated Jeff Koons.

"Working with Jeff Koons on this project was both an artistic and technical adventure. What appears effortless and playful is, in reality, an extraordinary exercise in engineering, craftsmanship and detail. We challenged every construction principle of the Classic Fusion to create the illusion of inflation and volume while preserving the integrity of fine watchmaking. Every component was reimagined, reshaped and refined; milled on 5-axis CNC for a distinctive puffed form, then meticulously finished by hand to perfection. This project perfectly expresses Hublot's philosophy: using the full mastery of horology in the service of emotion, aesthetics and innovation," stated Julien Tornare, Hublot CEO.

THE CLASSIC FUSION: AIR-SCULPTED

Every element of the 42mm Classic Fusion Balloon Dog was reengineered through Jeff Koons' visual language. The traditionally sleek architecture of the Classic Fusion was transformed with inflated geometries, soft domed surfaces and convex lines to create the illusion of a watch shaped by air pressure. The result is playful, irreverent and technically highly sophisticated, where high horology and craftsmanship converge to achieve an aesthetic that feels effortless and self-evident in its execution.

Inspired by Koons' iconic reflective Balloon Dog, the watch reinterprets the Classic Fusion through a continuous language of roundness and air-filled volume. To create this sensation of volume and tension, multiple elements have been domed and reshaped, from the sapphire crystal and titanium screw heads to the convex "puffy" dial construction and sculptural case architecture. Every surface is reworked to preserve the illusion of internal pressure, extending through the smooth, padded metallic leather strap and softened attachment points. As a nod to both the dog and the balloon, signature details include a balloon-inspired crown in rubber-molded aluminum, a flexible decorative "balloon tail" at 10:30, a Balloon Dog-shaped seconds hand counterweight and inflated Super-LumiNova indexes and hands.

Available in mirror-polished stainless steel or polished anodized aluminum in striking red and blue, aluminum has been specifically selected for its ability to reproduce the vivid, saturated tones associated with Koons' work. The complexity continues within the movement itself. Powered by a manufacture automatic caliber, it integrates a custom-designed tungsten oscillating weight with rounded, voluminous forms echoing the visual language of the case.

The Classic Fusion Balloon Dog continues Hublot's philosophy of fusion through material experimentation and technical innovation. Presented in Balloon Dog-inspired packaging, the piece extends the concept of inflatable softness. The inflated dog is rendered in a chromed finish, colour-matched to each watch variation. Its rubber-effect painted surfaces echo the same tactile, playful codes that define the watch itself.

From its sculptural, air-inflated case architecture to its manufacture automatic movement, the Classic Fusion Balloon Dog by Jeff Koons is a powerful expression of the innovation, mastery and boldness that define Hublot. Conceived, developed and assembled at the Manufacture in Nyon, it conveys the quality and reliability of every watch it creates. This confidence is demonstrated through Hublot's 5+5 warranty program, extending coverage to up to ten years; a commitment rooted in the brand's conviction in every manufacture-made watch and the expertise of the teams behind it.

Limited to 200 pieces per edition, the Classic Fusion Balloon Dog is available at selected Hublot points of sale. It will also be presented in selected galleries, reinforcing the dialogue between contemporary art and watchmaking.

HUBLOT: www.hublot.com - Email: press@hublot.com - Presslounge platform: presslounge.hublot.com/connection/ 

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HUBLOT - CLASSIC FUSION BALLOON DOG BY JEFF KOONS: TIME, INFLATED INTO ART

HUBLOT - CLASSIC FUSION BALLOON DOG BY JEFF KOONS: TIME, INFLATED INTO ART