Tag: Bybit

Austria's Financial Market Authority (FMA) is aggressively positioning Vienna as a gateway to the European crypto market. With six MiCA-licensed crypto-asset service providers (CASPs)—including two exchanges with substantial regulatory baggage—the FMA has emerged as one of the EU's most prolific MiCA licensing authorities.

ICIJ’s new Coin Laundry investigation confirms what FinTelegram has warned for years: the world’s largest crypto exchanges have been awash with funds tied to money launderers, scam cartels, drug syndicates, and North Korean hackers – even after guilty pleas in the U.S.

Trustpilot is issuing a brutal verdict on crypto exchanges: Binance 1.4, Kraken 1.6, Bitstamp 1.7, Gemini 1.4, Blockchain.com 2.1—dominated by frozen-account horror stories and support dead ends. Only Coinbase and Bitpanda (3.9, Great) and Bybit (3.4, Average) escape “scam-level.” Fintechs like Revolut (4.6, Excellent) and Wise (4.3) show how far crypto’s CX still lags.

The Danish-based crypto payment provider Swapped, co-founded and headed by Thomas Franklin, has established itself not as a mere payment facilitator, but as the central nervous system enabling GamDom's illegal gambling operations across Europe. 

Bybit has flipped the switch on Bybit.eu, a Vienna-based, MiCAR-licensed platform that instantly passports regulated crypto services to 29 European Economic Area (EEA) states. Bybit announced the move in a press release on July 1, 2025. The move detonates fresh competitive pressure on home-grown Bitpanda, long the regulatory poster-child of Austria’s crypto scene.

Cryptocurrency-based money laundering is escalating in scale and sophistication, with recent cases highlighting both the evolving tactics of criminal actors and the challenges facing compliance professionals and law enforcement worldwide. Over the last decade, crypto has developed into a powerful money laundering tool for cybercriminals.

On Feb 21, 2025, the crypto industry witnessed its largest theft to date when hackers successfully breached ByBit, a major cryptocurrency exchange, and stole approximately $1.5 billion worth of digital assets, primarily in Ethereum (ETH). This unprecedented hack has sent shockwaves through the crypto world, raising serious questions about the security of digital assets and the future of cryptocurrency exchanges.

The legal dispute between the collapsed U.S. crypto exchange FTX and Dubai-based Bybit has recently reached a significant milestone with a settlement agreement worth $228 million. Here's an overview of the background, context, and latest developments. The settlement comes just in time for the expected bull run in the crypto segment.

In a shift within the crypto exchange landscape, Bybit has emerged as the world's second-largest cryptocurrency exchange, overtaking Coinbase. This change comes amid a backdrop of regulatory challenges faced by Binance, the leading exchange by trading volume. The Chinese national Ben Zhou is the key figure behind Bybit's rapid growth, having founded the cryptocurrency exchange in 2018.

In the current crypto bull run, a troubling trend has emerged: more and more crypto exchanges are aggressively promoting...

In an extraordinary turn of events, Binance, the world's leading crypto exchange, has demonstrated a formidable comeback following its legal settlement in the United States, solidifying its position as the top global crypto exchange. As of January 19, 2024, the Binance coin BNB has been trading at $312, up 38% since Nov 21, 2023. This is an impressive testament to the growing investor confidence in Binance's stability and potential.

Bybit, one of the world's largest crypto exchange operators, anticipates withdrawing from the United Kingdom in anticipation of forthcoming marketing regulations. These new rules, scheduled to take effect in the coming weeks, are poised to impose more stringent requirements on crypto-related marketing practices. Ben Zhou, co-founder and CEO of Bybit, commented: "We do see regulation becoming more strict."