Coinbase Warns Customers of Subpoena in Apparent CFTC Bybit Investigation

Cryptocurrency exchange Bybit restricted to use In THE United States, although he can be possible has get around that.

Coinbase East warning that he has received A assignment Since THE United States Merchandise Futures contracts Trade Commission (CFTC), according to has X (Previously Twitter) users WHO to have job copies of THE message. THE CFTC East while searching information about THE Bybit cryptocurrency exchange.

Recipients to have speculated that any of them Coinbase customer WHO Also used Bybit received THE message. Coinbase can provide information on users' accounts And transaction activities has THE CFTC unless THE assignment East reversed by A court by Nov. 30, according to has THE Nov. 27 message.

Based in Dubai Bybit declared earlier This year In It is terms of service that he do not provide service In THE United States, but he East would have accessible using A virtual private network (VPN).

THE day following Coinbase communication, Bybit announcement that he had reached 20 million users. He describe himself as A "The first three cryptocurrency exchange." According to has THE Exchanges statement:

"Careful risk management And improved LBC [Anti-money Whitening] compliance to have directed Bybit has earn licenses In THE UNITED ARAB EMIRATES, Kazakhstan, And Cyprus. »

Bybit announcement he would be be imposing Know Your Customer (KYC) verification on users In July 2021, although he East not clear When that took place. Bybit job KYC instructions For It is clients In September 2022.

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