Hong Kong Securities and Futures Commission: Warning to the public against unlicensed virtual asset trading platform Bybit

Hong Kong Securities and Futures Commission issued a warning to the public to beware of an unlicensed virtual asset trading platform called Bybit. The platform provides trading services for cryptocurrency-related products in multiple jurisdictions. Bybit's cryptocurrency-related products include: Bybit delivery contracts and reverse delivery contracts; Bybit options; Bybit leverage tokens; dual currency investment; dual currency investment 2.0; Bybit shark fin wealth management; liquidity mining; ETH 2.0 liquidity pledge; Bybit Web3 pledge; Bybit balance treasure; and Bybit wealth management. The Securities and Futures Commission is concerned that these products have also been provided to Hong Kong investors, and hereby states that no physical entity launched by the Bybit Group has been licensed or registered by the Securities and Futures Commission to carry out any "regulated activities" in Hong Kong.