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The $1.5 Billion Bybit Heist: A Wake-Up Call for Crypto Securit

  The cryptocurrency world was rocked by the news of one of the largest heists in its history: hackers stole a staggering $1.5 billion from the popular exchange Bybit. This incident, reported by NBC News, is a stark reminder of the vulnerabilities that still plague the crypto industry, despite its rapid growth and technological advancements. Let’s dive into what happened, what it means for the crypto ecosystem, and how users and exchanges can better protect themselves in the future. What Happened? Bybit, a leading cryptocurrency exchange known for its derivatives trading platform, fell victim to a sophisticated cyberattack. Hackers exploited vulnerabilities in the exchange’s security infrastructure, making off with $1.5 billion in digital assets. While the exact method of the attack hasn’t been fully disclosed, such breaches often involve phishing, social engineering, or exploiting software flaws. This heist is particularly alarming due to the sheer scale of the theft. It not only ...
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Al Fardan Exchange's biggest Ramadan giveback yet — Send more, share more, win more

 

In the Spirit of Ramadan, Al Fardan Exchange has announced the launch of its 50-day campaign ‘Ramadan with Al Fardan Exchange’, running from February 10 to March 31, 2025. This initiative serves as a gesture of appreciation for the unwavering support of its customers across the UAE, offering them multiple opportunities to win exciting prizes. As part of the campaign, participants stand a chance to win a Nissan Patrol and 1,000 cash prizes throughout the promotional period.

Al Fardan Exchange hosted a special event at its Sonapur Central Branch in Dubai to commemorate the launch of the campaign, recognising five long-standing customers from diverse backgrounds by doubling their last Ramadan remittance transactions. Pioneered by the senior management at Al Fardan Exchange, this initiative honours expatriate workers whose contributions are vital to the UAE's thriving economy. 

Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, expressed his sentiments, stating, “Ramadan is a time of reflection, gratitude, and community. This campaign is our way of giving back to our valued customers, especially those who rely on our services to stay connected with their families back home. Customer loyalty is the foundation of our success, and we take pride in supporting those who trust us. With expatriates comprising 75 per cent of the UAE’s workforce, we recognise our responsibility to give back to the people who drive the nation’s economy and are integral to our success.”

The Ramadan with Al Fardan Exchange Campaign was officially inaugurated by previous Ramadan winners, who returned to share their experiences and celebrate the spirit of generosity. Through continuous customer-focused initiatives, Al Fardan Exchange remains committed to enriching the lives of the UAE’s diverse expatriate community and strengthening its role as a trusted financial partner.

Over 1,000 winners will be selected throughout the campaign, with exciting prizes including a Nissan Patrol, seven iPhone 16 Pro Max phones, seven ten-gram gold coins, and twenty daily cash prize winners.

Customers can participate by completing any international transaction at any of Al Fardan Exchange's 90+ branches across the UAE or through the AlfaPay money transfer app. Each transaction provides an entry into the daily draws, offering multiple opportunities to win throughout the period.


Draw Schedule & Eligibility

DrawTransaction Eligibility datesPrizeTotal winners/ weekRemittance channels EligibilityDraw Dates
1st Draw10th February- 16th February 202520 nos daily AED 200 cash 140Al Fardan Exchange branch & Alfapay app18th February 2025
1st Draw10th February- 16th February 202510 grams Gold1Al Fardan Exchange branch & Alfapay app18th February 2025
1st Draw10th February- 16th February 2025iPhone Pro Max1Al Fardan Exchange branch & Alfapay app18th February 2025
2nd Draw17th February- 23rd February 202520 nos daily AED 200 cash 140Al Fardan Exchange branch & Alfapay app25th February 2025
2nd Draw17th February- 23rd February 202510 grams Gold1Al Fardan Exchange branch & Alfapay app25th February 2025
2nd Draw17th February- 23rd February 2025iPhone Pro Max1Al Fardan Exchange branch & Alfapay app25th February 2025
3rd Draw24th February- 02nd March 202520 nos daily AED 200 cash 140Al Fardan Exchange branch & Alfapay app04th March 2025
3rd Draw24th February- 02nd March 202510 grams Gold1Al Fardan Exchange branch & Alfapay app04th March 2025
3rd Draw24th February- 02nd March 2025iPhone Pro Max1Al Fardan Exchange branch & Alfapay app04th March 2025
4th Draw03rd March- 09th March 202520 nos daily AED 200 cash 140Al Fardan Exchange branch & Alfapay app11th March 2025
4th Draw03rd March- 09th March 202510 grams Gold1Al Fardan Exchange branch & Alfapay app11th March 2025
4th Draw03rd March- 09th March 2025iPhone Pro Max1Al Fardan Exchange branch & Alfapay app11th March 2025
5th Draw10th March- 16th March 202520 nos daily AED 200 cash 140Al Fardan Exchange branch & Alfapay app18th March 2025
5th Draw10th March- 16th March 202510 grams Gold1Al Fardan Exchange branch & Alfapay app18th March 2025
5th Draw10th March- 16th March 2025iPhone Pro Max1Al Fardan Exchange branch & Alfapay app18th March 2025
6th Draw17th March- 23rd March 202520 nos daily AED 200 cash 140Al Fardan Exchange branch & Alfapay app25th March 2025
6th Draw17th March- 23rd March 202510 grams Gold1Al Fardan Exchange branch & Alfapay app25th March 2025
6th Draw17th March- 23rd March 2025iPhone Pro Max1Al Fardan Exchange branch & Alfapay app25th March 2025
7th Draw20 nos daily AED 200 cash 16024th March - 31st March 2025Retail & app10th April 2025
7th Draw10 grams Gold124th March - 31st March 2025Retail & app10th April 2025
7th DrawiPhone Pro Max124th March - 31st March 2025Retail & app10th April 2025
7th DrawNissan Patrol 2025YM SE T2124th March - 31st March 2025Retail & app10th April 2025

Draw Schedule (Extended Period)

DrawTransaction Eligibility datesPrizeTotal winners/ weekRemittance channels EligibilityDraw Dates
8t Draw1st April- 6th April 202503 nos daily AED 200 cash18Alfapay app10th April 2025
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