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SonicWall: Record 304.7 Million Ransomware Attacks Eclipse 2020 Global Total in Just 6 Months

  • Ransomware showed massive year-to-date spikes in the U.S. (185%), U.K. (144%)
  • Ryuk, Cerber, SamSam top families of the year, making up 64% of all ransomware volume
  • Government, education, healthcare, retail verticals increasingly targeted by ransomware
  • Up 59% year-to-date globally, IoT malware continues growth since 2018
  • Cryptojacking malware remains a key threat, up 23% year-to-date globally and up 22% in the U.S.
  • SonicWall’s patented RTDMI™ finding more never-before-seen malware than ever, posting a 54% year-to-date increase over the first half of 2020

SINGAPORE – Media OutReach – 16 August 2021 – In the first half of 2021, ransomware attacks skyrocketed, eclipsing the entire volume for 2020 in only six months, according to the mid-year update to the 2021 SonicWall Cyber Threat Report published today. In a new paradigm for cybercrime, SonicWall is analyzing how threat actors are using any means possible to further their malicious intents.

With high-profile attacks against established technology and infrastructure, ransomware is now more prevalent than ever. Through the first half of 2021, SonicWall recorded global ransomware volume of 304.7 million, surpassing 2020’s full-year total (304.6 million) — a 151% year-to-date increase.

 

“In a year driven by anxiety and uncertainty, cybercriminals have continued to accelerate attacks against innocent people and vulnerable institutions,” said SonicWall President and CEO Bill Conner. “This latest data shows that sophisticated threat actors are tirelessly adapting their tactics and embracing ransomware to reap financial gain and sow discord. With remote working still widespread, businesses continue to be highly exposed to risk, and criminals are acutely aware of uncertainty across the cyber landscape. It’s crucial that organizations move toward a modern Boundless Cybersecurity approach to protect against both known and unknown threats, particularly when everyone is more remote, more mobile and less secure than ever.”

Ransomware running rampant

After posting record highs in both April and May, SonicWall recorded another new high of 78.4 million ransomware attacks in June 2021 alone. Ransomware volume showed massive year-to-date spikes in the U.S. (185%) and the U.K. (144%). Accounting for 64% of all recorded ransomware attacks, Ryuk, Cerber and SamSam were the top three ransomware families in the first half of the year, as recorded by SonicWall Capture Labs.

 

The top five regions most impacted by ransomware in the first half of 2021 were the United States, United Kingdom, Germany, South Africa and Brazil. Across the U.S., the five hardest-hit states were Florida (111.1 million), New York (26.4 million), Idaho (20.5 million), Louisiana (8.8 million) and Rhode Island (8.8 million).

 

“The continued rise of ransomware, cryptojacking and other unique forms of malware targeted at monetization, along with their evolution of tactics, are evidence that cybercriminal activity always follows the money and rapidly adapts to new opportunities and changing environments,” said SonicWall Vice President of Platform Architecture Dmitriy Ayrapetov.

 

In line with spikes in global data, SonicWall Capture Labs threat researchers also recorded alarming ransomware spikes across key verticals, including government (917%), education (615%), healthcare (594%) and retail (264%) organizations.

 
Patented RTDMI finding, blocking more never-seen-before variants than ever

In the fight against known and unknown threats, SonicWall’s patented Real-Time Deep Memory InspectionTM (RTDMI) identified record numbers of never-before-seen malware, posting a 54% year-to-date increase over the first half of 2020.

 

RTDMI technology blocks more advanced and unknown malware compared to traditional behavior-based sandboxing methods, and with a lower false-positive rate. This can be seen in the latest ICSA Labs Advanced Threat Defense (ATD) Q2 test results, where the SonicWall Capture Advanced Threat Protection (ATP) service with RTDMI detected 100% of previously unknown threats with zero false positives across 33 consecutive days of testing.

 

In its most recent test administered in the second quarter of 2021, ICSA conducted a total of 1,144 tests against Capture ATP, with a mixture of 544 new and little-known malicious samples and 600 innocuous applications. Capture ATP correctly identified 100% of malicious samples while allowing all clean samples through. It was the sixth consecutive ICSA ATD certification for Capture ATP, and second ‘perfect score’ in as many quarters.

 

“Third-party validation is hard earned, particularly in today’s fast-moving threat landscape,” said SonicWall Vice President of Software Engineering & Threat Research Alex Dubrovsky. “Consecutive perfect certifications is a testament to the SonicWall team and our continued quest to arm organizations with intelligence and technology that help protect them from the most dangerous cyber threats.”

Malware continues to fall, non-standard port attacks down

Last year, SonicWall recorded a drop in global malware attacks, a trend that continued in the first half of 2021 with a 24% drop in malware volume worldwide. As threat actors become more sophisticated — using ransomware, cryptojacking and other types of cyberattacks to launch surgical strikes — the need for “spray-and-pray” malware attempts have lessened, decreasing overall volume.

Malware attacks via non-standard ports also fell in 2021 after hitting record highs in 2020. These attacks, which aim to increase payloads by bypassing traditional firewall technologies, represent 14% of all malware attempts in the first half of 2021, down from 24% year to date.

 

Debasish Mukherjee, Vice President, Regional Sales APAC adds “The pandemic drove the effectiveness and volume of cyberattacks to historic highs. Remote workforces, a charged political climate, record prices of cryptocurrency, and threat actors weaponizing cloud storage and tools created new and numerous attack vectors on targets. Threats that were once thought to be two or three years away are now a reality with do-it-yourself, cloud-based tools creating an army of cybercriminals armed with the same devastating force and impact of a nation-state or larger criminal enterprise.” He continues “It’s imperative the IT industry stay ahead of these mounting threats, strengthen relationships between private and government sectors, and formulate more coordinated efforts to swiftly share threat intelligence and act upon it.”


Cryptojacking malware remains a concern

After having made an unexpected revival in 2020, cryptojacking malware continued to climb through the first half of 2021 as cryptocurrency prices remain high. From January to June, SonicWall threat researchers recorded 51.1 million cryptojacking attempts, representing a 23% increase over the same six-month period last year.

Europe was particularly ravaged, recording a 248% year-to-date rise in cryptojacking malware. This increase highlights the volatile shifts of a market cybercriminals have come to leverage due to their high desire for online anonymity when it comes to lucrative payouts.

IoT vector continues to serve threats

Last year, employees packed their belongings and went home in droves, introducing millions of new devices to the network and millions of openings for cybercrime. This year, Internet of Things (IoT) malware attacks have continued to increase, rising 59% year-to-date globally, a trend stemming back to 2018.

While the U.S. saw a slightly smaller 15% year-to-date increase in IoT malware, Europe and Asia also saw alarming rises of 113% and 190%, respectively, in IoT malware volume.

 

SonicWall Capture Labs threat researchers collect and analyze threat intelligence data from 1.1 million sensors in over 215 countries and territories. This includes cross-vector, threat-related information shared among SonicWall security systems, including firewalls, email security devices, endpoint security solutions, honeypots, content filtering systems and the SonicWall Capture Advanced Threat Protection (ATP) multi-engine sandbox; SonicWall internal malware analysis automation framework; malware and IP reputation data from tens of thousands of firewalls and email security devices around the globe; and shared threat intelligence from more than 50 industry collaboration groups and research organizations.

 

To download the full mid-year update of the 2021 SonicWall Cyber Threat Report, please visit www.sonicwall.com/threatreport.

#SonicWall


About SonicWall

SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.


#SonicWall

ECOVACS partners Shopee in Thailand to get homeowners to “Trade Up for the Latest DEEBOT” and usher a new era of smart and modern home cleaning lifestyle

The “Trade Up for the Latest DEEBOT” campaign tells consumers it’s “Time to Switch to Something Smarter” by simply uploading their purchase receipts and photos of their old vacuum cleaners to upgrade to the latest ECOVACS DEEBOT

BANGKOK, THAILAND – Media OutReach – 16 August 2021 – As part of ECOVACS ROBOTICS long-term mission of bringing “A Robot For Every Family”, the world’s leading home service robotics maker is running a trade-up programme with Shopee for consumers to upgrade their current vacuum cleaners to the industry’s best-performing and best-selling ECOVACS DEEBOT family of robotic vacuum cleaners.

 

Modern homeowners have different needs, as they are often young working adults with busy lifestyles, own pets and lesser time to do housework. While they want products that can do the job of home cleaning well powered by latest technologies, they also want the products to match their personalities and lifestyles. As the industry leader in this category, ECOVACS is well-placed to guide consumers on this journey.

 

Consumers can enjoy trade-up discounts of up to THB 19,999 when they trade in their older DEEBOT models, or any other vacuum cleaner, for the new ECOVACS DEEBOT T9 and N8 PRO series.

 

The trade-up process is designed to be easy, and takes into account consumers’ growing preference for online shopping and current safe distancing measures.  Everything will be done online through a few simple steps.

  1. Go to the ECOVACS Official store on Shopee (https://shopee.co.th/ecovacs_official_store).
  2. Chat with ECOVACS customer service.
  3. Upload photo of their old vacuum cleaner (any type).
  4. The consumer will be given the Trade Up voucher code to purchase the DEEBOT T9 or DEEBOT N8 PRO Series (eligible only for purchases within the ECOVACS Shopee Official store).

There will be an additional opportunity to win free accessories packs for the DEEBOT T9 or N8 PRO via a lucky draw on the ECOVACS official Facebook (https://www.facebook.com/ecovacs.th) and Instagram (instagram.com/ecovacs_thailand).

 

Johnny Zhu, General Manager of Asia Pacific, ECOVACS ROBOTICS, said, “As the category leader, ECOVACS is ushering a new modern and chic lifestyle to consumers through applying the most advanced technologies incorporated in our latest DEEBOT products. Why use tiresome ways to clean the house, or even outdated robotic technology, when there’s an easy and affordable way for consumers to upgrade to something smarter, delivered by the industry leader.”

 

The “Trade Up for the Latest DEEBOT” campaign will run from now – 31st August 2021.

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on a deep understanding of use cases and consumer experiences, we design robots that help you “live smart, enjoy life.”

With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

#ECOVACS

ECOVACS partners Shopee in Vietnam to get homeowners to “Trade Up for the Latest DEEBOT” and usher a new era of smart and modern home cleaning lifestyle

The “Trade Up for the Latest DEEBOT” campaign tells consumers it’s “Time to Switch to Something Smarter” by simply uploading their purchase receipts and photos of their old vacuum cleaners to upgrade to the latest ECOVACS DEEBOT

HANOI, VIETNAM – Media OutReach – 16 August 2021 – As part of ECOVACS ROBOTICS long-term mission of bringing “A Robot For Every Family”, the world’s leading home service robotics maker is running a trade-up programme with Shopee for consumers to upgrade their current vacuum cleaners to the industry’s best-performing and best-selling ECOVACS DEEBOT family of robotic vacuum cleaners.

 


Modern homeowners have different needs, as they are often young working adults with busy lifestyles, own pets and lesser time to do housework. While they want products that can do the job of home cleaning well powered by latest technologies, they also want the products to match their personalities and lifestyles. As the industry leader in this category, ECOVACS is well-placed to guide consumers on this journey.

 

Consumers can enjoy trade-up discounts of up to VND 388,000 when they trade in their older DEEBOT models, or any other vacuum cleaner, for the new ECOVACS DEEBOT T9 and N8 PRO series.

 

The trade-up process is designed to be easy, and takes into account consumers’ growing preference for online shopping and current safe distancing measures.  Everything will be done online through a few simple steps.

  1. Go to the ECOVACS Official store on Shopee (https://shopee.vn/vietnamrobovac).
  2. Chat with ECOVACS customer service.
  3. Upload photo of their old vacuum cleaner (any type).
  4. The consumer will be given the Trade Up voucher code to purchase the DEEBOT T9 or DEEBOT N8 PRO (eligible only for purchases within the ECOVACS Shopee Official store).

There will be an additional opportunity to win free accessories packs for the DEEBOT T9 or N8 PRO via a lucky draw on the ECOVACS official Facebook (facebook.com/ecovacs.vn) and Instagram (instagram.com/ecovacsrobotics_vn).

 

Johnny Zhu, General Manager of Asia Pacific, ECOVACS ROBOTICS, said, “As the category leader, ECOVACS is ushering a new modern and chic lifestyle to consumers through applying the most advanced technologies incorporated in our latest DEEBOT products. Why use tiresome ways to clean the house, or even outdated robotic technology, when there’s an easy and affordable way for consumers to upgrade to something smarter, delivered by the industry leader.”

 

The “Trade Up for the Latest DEEBOT” campaign will run from now – 31st August 2021.

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on a deep understanding of use cases and consumer experiences, we design robots that help you “live smart, enjoy life.”

With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

#ECOVACS

ECOVACS partners Shopee in Indonesia to get homeowners to “Trade Up for the Latest DEEBOT” and usher a new era of smart and modern home cleaning lifestyle

The “Trade Up for the Latest DEEBOT” campaign tells consumers it’s “Time to Switch to Something Smarter” by simply uploading their purchase receipts and photos of their old vacuum cleaners to upgrade to the latest ECOVACS DEEBOT

JAKARTA, INDONESIA – Media OutReach – 16 August 2021 – As part of ECOVACS ROBOTICS long-term mission of bringing “A Robot For Every Family”, the world’s leading home service robotics maker is running a trade-up programme with Shopee for consumers to upgrade their current vacuum cleaners to the industry’s best-performing and best-selling ECOVACS DEEBOT family of robotic vacuum cleaners.

 

Modern homeowners have different needs, as they are often young working adults with busy lifestyles, own pets and lesser time to do housework. While they want products that can do the job of home cleaning well powered by latest technologies, they also want the products to match their personalities and lifestyles. As the industry leader in this category, ECOVACS is well-placed to guide consumers on this journey.

 

Consumers can enjoy trade-up discounts of up to Rp 1.8 JUTA when they trade in their older DEEBOT models, or any other vacuum cleaner, for the new ECOVACS DEEBOT T9 and N8 PRO series.

 

The trade-up process is designed to be easy, and takes into account consumers’ growing preference for online shopping and current safe distancing measures.  Everything will be done online through a few simple steps.

  1. Go to the ECOVACS Official store on Shopee (https://cutt.ly/jQO4Ws2).
  2. Chat with ECOVACS customer service.
  3. Upload photo of their old vacuum cleaner.
  4. The consumer will be given the Trade Up voucher code to purchase the DEEBOT T9 or DEEBOT N8 PRO (eligible only for purchases within the ECOVACS Shopee Official store).

There will be an additional opportunity to win free accessories packs for the DEEBOT T9 or N8 PRO via a lucky draw on the ECOVACS official Facebook (facebook.com/ecovacs.ina) and Instagram (instagram.com/ecovacs.indonesia).

 

Johnny Zhu, General Manager of Asia Pacific, ECOVACS ROBOTICS, said, “As the category leader, ECOVACS is ushering a new modern and chic lifestyle to consumers through applying the most advanced technologies incorporated in our latest DEEBOT products. Why use tiresome ways to clean the house, or even outdated robotic technology, when there’s an easy and affordable way for consumers to upgrade to something smarter, delivered by the industry leader.”

 

The “Trade Up for the Latest DEEBOT” campaign will run from 15th – 31st August 2021. 

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on a deep understanding of use cases and consumer experiences, we design robots that help you “live smart, enjoy life.”

With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

#ECOVACS

ECOVACS partners Shopee to get homeowners to “Trade Up for the Latest DEEBOT” and usher a new era of smart and modern home cleaning lifestyle

The “Trade Up for the Latest DEEBOT” campaign tells consumers it’s “Time to Switch to Something Smarter” by simply uploading their purchase receipts and photos of their old vacuum cleaners to upgrade to the latest ECOVACS DEEBOT

SINGAPORE – Media OutReach – 16 August 2021 –  As part of ECOVACS ROBOTICS long-term mission of bringing “A Robot For Every Family”, the world’s leading home service robotics maker is running a trade-up programme with Shopee for consumers to upgrade their current vacuum cleaners to the industry’s best-performing and best-selling ECOVACS DEEBOT family of robotic vacuum cleaners.

 

Modern homeowners have different needs, as they are often young working adults with busy lifestyles, own pets and lesser time to do housework. While they want products that can do the job of home cleaning well powered by latest technologies, they also want the products to match their personalities and lifestyles. As the industry leader in this category, ECOVACS is well-placed to guide consumers on this journey.

 

Consumers can enjoy trade-up discounts of up to SGD150 when they trade in their older DEEBOT models, or any other vacuum cleaner, for the new ECOVACS DEEBOT T9 and N8 PRO series.

 

The trade-up process is designed to be easy, and takes into account consumers’ growing preference for online shopping and current safe distancing measures.  Everything will be done online through a few simple steps.

  1. Go to the ECOVACS Official store on Shopee (https://cutt.ly/7QIhj0A).
  2. Chat with ECOVACS customer service.
  3. Upload photo of their old vacuum cleaner (any type).
  4. The consumer will be given the Trade Up voucher code to purchase the DEEBOT T9 or DEEBOT N8 PRO (eligible only for purchases within the ECOVACS Shopee Official store).

There will be an additional opportunity to win free accessories packs for the DEEBOT T9 or N8 PRO via a lucky draw on the ECOVACS official Facebook (facebook.com/ecovacs.sg) and Instagram (instagram.com/ecovacs_sg).

 

Johnny Zhu, General Manager of Asia Pacific, ECOVACS ROBOTICS, said, “As the category leader, ECOVACS is ushering a new modern and chic lifestyle to consumers through applying the most advanced technologies incorporated in our latest DEEBOT products. Why use tiresome ways to clean the house, or even outdated robotic technology, when there’s an easy and affordable way for consumers to upgrade to something smarter, delivered by the industry leader.”

 

The “Trade Up for the Latest DEEBOT” campaign will run from now – 31st August 2021. 

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on a deep understanding of use cases and consumer experiences, we design robots that help you “live smart, enjoy life.”

With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

#ECOVACS

ECOVACS partners Shopee in Malaysia to get homeowners to “Trade Up for the Latest DEEBOT” and usher a new era of smart and modern home cleaning lifestyle

The “Trade Up for the Latest DEEBOT” campaign tells consumers it’s “Time to Switch to Something Smarter” by simply uploading their purchase receipts and photos of their old vacuum cleaners to upgrade to the latest ECOVACS DEEBOT

KUALA LUMPUR, MALAYSIA – Media OutReach – 16 August 2021 – As part of ECOVACS ROBOTICS long-term mission of bringing “A Robot For Every Family”, the world’s leading home service robotics maker is running a trade-up programme with Shopee for consumers to upgrade their current vacuum cleaners to the industry’s best-performing and best-selling ECOVACS DEEBOT family of robotic vacuum cleaners.

 

Modern homeowners have different needs, as they are often young working adults with busy lifestyles, own pets and lesser time to do housework. While they want products that can do the job of home cleaning well powered by latest technologies, they also want the products to match their personalities and lifestyles. As the industry leader in this category, ECOVACS is well-placed to guide consumers on this journey.

 

Consumers can enjoy trade-up discounts of up to RM550 when they trade in their older DEEBOT models, or any other vacuum cleaner, for the new ECOVACS DEEBOT T9 and N8 PRO series.

 

The trade-up process is designed to be easy, and takes into account consumers’ growing preference for online shopping and current safe distancing measures.  Everything will be done online through a few simple steps.

  1. Go to the ECOVACS Official store on Shopee (https://cutt.ly/FQO4zLA).
  2. Chat with ECOVACS customer service.
  3. Upload photo of their old vacuum cleaner & receipt (any type).
  4. The consumer will be given the Trade Up voucher code to purchase the DEEBOT T9 or DEEBOT N8 PRO (eligible only for purchases within the ECOVACS Shopee Official store).

There will be an additional opportunity to win free accessories packs for the DEEBOT T9 or N8 PRO via a lucky draw on the ECOVACS official Facebook (facebook.com/ecovacs.my) and Instagram (instagram.com/ecovacs_my).

 

Johnny Zhu, General Manager of Asia Pacific, ECOVACS ROBOTICS, said, “As the category leader, ECOVACS is ushering a new modern and chic lifestyle to consumers through applying the most advanced technologies incorporated in our latest DEEBOT products. Why use tiresome ways to clean the house, or even outdated robotic technology, when there’s an easy and affordable way for consumers to upgrade to something smarter, delivered by the industry leader.”

 

The “Trade Up for the Latest DEEBOT” campaign will run from 15th – 31st August 2021. 

About ECOVACS ROBOTICS

Innovating Since Day One – Creating the Intelligent Home.

At ECOVACS ROBOTICS, we care about innovating solutions to enhance your lifestyle. Based on a deep understanding of use cases and consumer experiences, we design robots that help you “live smart, enjoy life.”

With over 20 years of design and industry-leading research, we have led the market as homes become more intelligent and responsive. We are building a world where your home asks less of your attention, becomes more seamless and powerful, and frees you to spend more time doing what you love.

#ECOVACS

Returning Migrant Labor Costs Lao Government Over LAK 15 Billion

Lao labor returning to Laos
Lao labor returnees crossing into Savannakhet Province from Thailand (Security News)

The Lao government has spent over LAK 15.82 billion on food, transportation, and other necessities for Lao migrant workers returning from Thailand.

Bybit Brings Annual Trading Competition World Series of Trading (WSOT) 2021 to the Next Level With Record $7.5M Prize Pool

  • 4.9x bigger prize pool than last year at up to 7.5m USDT & NFT addition
  • Largest WSOT donation to UNICEF at $400,000 in BTC

SINGAPORE – Media OutReach – 16 August 2021 – The summer games of crypto trading are back. The 2021 edition of cryptocurrency exchange Bybit‘s World Series of Trading (WSOT), set to open for registration on Aug. 18, promises to be the world’s largest crypto trading tournament yet again.

The WSOT 2021 prize pool is up to an unprecedented 7.5 million USDT, plus a bonus track of WSOT NFT collectibles and additional USDT, Bybit announced today.

“WSOT is returning bigger and better as promised,” said Ben Zhou, co-founder and CEO of Bybit. “We want to celebrate excellence and the spirit of competition, as well as shine a light on the positive influences of crypto on our daily lives — improving financial literacy, getting people interested in tech, and putting on top of mind ways we can be a force for change and give back to the wider society.”

The flagship trading event by Bybit, one of the world’s most popular crypto exchanges, attracted over 12,000 participants last year. The winning teams and individuals out of 135 troops and 2,128 solo contestants took home $1.27 million in prizes in 2020.

 

Eyes on the Prize

With a prize pool of up to 6,000,000 USDT for teams and up to 1,500,000 USDT in the individual competition, WSOT 2021 is slated to be the event of the year for crypto traders around the world.

“Bybit remains in awe by the overwhelming support from the global crypto community. In response, we worked hard in the past 12 months to take the competition experience to the next level with the largest prize pool to date,” said Zhou.

WSOT 2020 was trader junki84‘s first ever crypto trading competition. The participant tested out his trading strategy and finished with a legendary 5,242.02% in Individual P&L(%). Equally impressive was trader SalsaTekila, who came in second with a 3,956.56% Individual P&L(%). With greater rewards and more participants, the competition is expected to be even more intense this year.

“We are grateful for the opportunity to provide a platform for the world’s best traders to live up to their ambition. Their achievements were something to behold. And their craft and passion epitomizes everything crypto is about: creating a fair, transparent and open environment for individuals to be the best they can be,” remarked Zhou.

WSOT 2021 is open to global traders where Bybit services are available. Participants can form a troop or play solo to access early bird perks, trading fee discounts or waivers and a chance at more than 1,000 NFTs and 40,000 USDT bonus in lucky draws.

 

Supporting a Better Future

In 2020, Bybit donated from the WSOT prize pool 10 BTC at market value of over $100,000 at the time, to UNICEF’s pandemic relief efforts[1]. One year on, COVID-19 continues to be a universal crisis, particularly disrupting children’s access to education and threatening their long-term well-being.

Bybit has quadrupled its donation to $400,000 in BTC this year to support UNICEF in their efforts to provide STEM education for girls in Vietnam and deliver quality education in East Asia and the Pacific.

“The world is learning to cope with the ongoing pandemic, but vulnerable groups who feel the deepest impact are often overlooked. Over the years Bybit has borne witness to the talent and potential of members of the global crypto community, regardless of age, gender and background,” said Igneus Terrenus, head of communications at Bybit. “There really is no better investment than in the welfare of children and their right to education. We hope our donation to UNICEF will help change life for the better for those who will grow up to shape the future.”

 

WSOT 2021 Details

The 10-day registration phase starts at 10AM UTC on Aug. 18.

Eligible contestants may participate in two main tracks as well as contend for bonus prizes, including NFTs, over a 20-day competition period from Aug. 28 to Sept. 17:

–       BTC & ETH Troop Throwdown: join or lead a troop of 10 members or above to unlock a prize pool of 6 million USDT   

–       Solo Showdown: individual traders will compete for their share of 1.5 million USDT in rewards, up from last year’s 90,000 USDT prize pool

–       +1,000 NFT collectibles of 40 types and 40,000 USDT in bonus await users in daily lucky draws

Read the rules and sign up for WSOT 2021: bybit.com/wsot2021

 



[1] UNICEF does not endorse any company, brand, product or service.

About WSOT

The World Series of Trading (WSOT) is a global cryptocurrency trading competition powered by Bybit championing the spirit of competition, fair play, and cultivating camaraderie between crypto lovers from around the world. WSOT celebrates the positive changes cryptocurrency and technologies has brought to our lives.

WSOT ranks contestants by the “profit vs. loss” percentage where traders compete on a level playing field regardless of the depth of their pockets.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multi-lingual community support. The company provides innovative online trading services and cloud mining products, as well as API support, to retail and professional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class.

For more information please visit: https://www.bybit.com/

For updates, follow Bybit’s social platforms on Twitter and Telegram.

#Bybit