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Verbatim Community Citations & Social Evidence 1 source posts analyzed
Bybit Could Go Bankrupt This Year There is a worrying pattern that has appeared in previous cryptocurrency exchange collapses, from Mt. Gox to FTX. One of the warning signs was that exchanges began restricting or suspending customer withdrawals. At first, only a small number of users were affected, with the exchange claiming that there were suspicious issues with their accounts and that withdrawals had to be temporarily suspended. Then came the familiar response: โWe are working to resolve the issue as quickly as possible. Please wait.โ But as time passed, users continued waiting without being able to withdraw their funds. Eventually, when the exchange collapsed, the underlying problems became clear.