Bybit’s Indian Comeback: From Fined to Fine, Baby! 🎉💰

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Oh, hello there! Remember Bybit, the cryptocurrency exchange that got itself into a bit of a pickle with the Indian authorities? Well, guess what? They’re back, and they’re not just back, they’re back with a vengeance! As of 8th September, Indian users can now enjoy all the trading products on Bybit’s platform. It’s like they’ve been given a second chance at life, or at least a second chance at trading life. 🌟

Now, let’s rewind a bit. Back in January 2025, Bybit had to hit the pause button on its Indian operations due to some regulatory hiccups. Apparently, they were operating without the proper paperwork, which is a big no-no in the world of finance. The Financial Intelligence Unit (FIU) wasn’t too pleased and slapped them with a fine of about $1.06 million. Ouch! But hey, they’ve paid up and are now officially registered with the FIU, so everything’s peachy keen. 🍑

Ben Zhou, the co-founder and CEO of Bybit, couldn’t be more excited. “India is among the most promising digital asset markets globally,” he gushed. “We’re not just resuming business; we’re starting a whole new chapter in India. It’s not a comeback; it’s a revolution!” Okay, maybe a bit dramatic, but you get the point. 🚀

Vikas Gupta, the Country Manager of Bybit India, added, “We’re thrilled to offer Indian users a smooth and compliant trading experience. But wait, there’s more! We’re also planning to educate the masses, form strategic partnerships, and lead community initiatives. It’s going to be a crypto party, and everyone’s invited!” 🎉

But let’s not forget the little mishap earlier this year. In February, Bybit suffered a massive hack, losing over $1.5 billion worth of ETH. The culprit? None other than the notorious Lazarus Group from North Korea. Talk about a bad day at the office! 🤦‍♂️ But hey, they’re back and better than ever, so let’s focus on the positives, shall we?

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2025-09-08 17:19