SC reprimands Bybit for operating illegal digital asset exchange


Securities Commission Malaysia building at Kuala Lumpur.

KUALA LUMPUR: The Securities Commission Malaysia (SC) has reprimanded Bybit Technology Ltd and its chief executive officer (CEO) Ben Zhou for operating a digital asset exchange (DAX) in Malaysia without registration.

In a statement today, the SC has directed Bybit to disable Bybit’s website and mobile applications or any other digital application platform in Malaysia within 14 business days from Dec 11, 2024.

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SC , Enforcement action , Bybit , DAX , Illegal , Operation , Ben Zhou

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