TechFlow news: The Hong Kong Securities and Futures Commission (SFC) has added Bybit to its list of suspected virtual asset trading platforms and issued a public warning regarding its unlicensed operations.
The SFC stated that the platform is offering its products to Hong Kong investors without proper authorization.
This alert involves 11 Bybit products, including futures contracts and inverse futures contracts, options, leveraged tokens, liquidity mining, staking, lending, wealth management, and others. Some categories include multiple products. The warning also identifies the short-term trading instrument Bybit Dual Asset and the guaranteed return service Bybit Shark Fin as suspicious products.
All of the above services have been added to the list of suspected investment products, separate from the SFC's list of suspected virtual asset trading platforms.
The SFC stated that it may take further regulatory actions against the platform if necessary.
