From Cointelegraph

May 19, 2025 4:46 am:

Cryptocurrency exchange Bybit addressed a glitch affecting a single user unable to complete Apple-based KYC verification. The Bybit China Team swiftly responded and coordinated with various departments, including an executive, to resolve the issue. Bybit confirmed the incident was isolated and the user’s funds remained secure.

Bybit took prompt action to address a reported issue from a user, with Chinese crypto influencer EnHeng playing a role. EnHeng flagged a bug related to Bybit’s Apple ID, leading to quick assistance for the user to regain access to $100,000 in funds. EnHeng emphasized the importance of using influence to support retail investors.

Instances of cryptocurrency exchanges taking emergency measures to prevent fund losses are not uncommon. Examples include Phemex and Mudrex halting withdrawals due to suspicious outflows or compliance improvements. Law enforcement requests have led to frozen accounts, emphasizing the importance of controlling private keys for asset security.

Read more at Cointelegraph: Apple KYC glitch on Bybit draws swift executive response to recover $100K