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Is Bybit safe?

Bybit Fintech Ltd (global); Bybit EU GmbH (EU) · Last updated Oct 19, 2026
38/100Significant concerns

At a glance

38/100 · Significant concerns
  • ClarityCheck score38/100 · Significant concerns
  • US availabilityNot available to US residents
  • NY BitLicense / trust charterNot found
  • Proof of reservesWithin 12 months
In short

Not for US users. EU MiCA-authorised; suffered the largest crypto theft on record in 2025. Not available to US residents. Bybit lists the United States as a restricted country.

Score breakdown

  • US money-transmission licensing0/25
    FinCEN MSB registration (5) + state licence coverage: not offered to US residents (0)
  • Higher-tier US oversight0/20
    NYDFS BitLicense/trust charter no (0); CFTC-registered affiliate not found (0); SEC-registered broker-dealer or SEC-reporting parent not found (0)
  • Reserves & financial transparency10/20
    Audited financials filed with the SEC no (0); proof of reserves within 12 months (10)
  • Enforcement record (last 5 years)25/25
    Starts at 25. Criminal plea: none found (0); regulatory penalties ≥ $1M: 0 (−5 each, max −15). Dismissed or closed cases don't deduct.
  • Security incidents (last 3 years)3/10
    Starts at 10. Theft of ≥ $100M: yes (−7); disclosed customer-data breach: none found

How the score works →

Custody

Not verified.

Registrations & licences

1 fact
  1. Official sourceOct 19, 2026 · FinCEN

    No US registration for Bybit's exchange found. A FinCEN-registered entity with a similar name ('Bybit Currency Trading') exists, but we couldn't confirm any link to Bybit.

    FinCEN MSB Registrant Search (full registrant export) ↗

Availability

1 fact
  1. Company / third-partyOct 19, 2026 · Bybit

    Bybit's restricted-countries list includes the United States.

    Bybit: Service Restricted Countries ↗

EU (MiCA)

1 fact
  1. Official sourceOct 19, 2026 · ESMA

    Bybit EU GmbH (Austria, FMA) is an authorised MiCA CASP, notified 28/05/2025.

    ESMA interim MiCA register: authorised crypto-asset service providers (CASPS.csv) ↗

Security incidents

1 fact
  1. Official sourceFeb 26, 2025 · FBI

    Feb 21, 2025: about $1.5 billion in crypto stolen from Bybit. The FBI attributed the theft to North Korea (TraderTraitor).

    FBI: North Korea responsible for $1.5 billion Bybit hack ↗

Reserves & transparency

1 fact
  1. Company / third-partySep 23, 2026 · Bybit

    Publishes proof-of-reserves reports with a Merkle-tree root. Latest report we found: Sept 23, 2026.

    Bybit PoR verification report (Sept 23, 2026) ↗

Bybit questions

Is Bybit safe?

ClarityCheck scores Bybit 38/100 (Significant concerns) on public regulatory and transparency signals: Not for US users. EU MiCA-authorised; suffered the largest crypto theft on record in 2025. This is not a solvency rating or a guarantee.

Is Bybit available in the US?

Not available to US residents. Not available to US residents. Bybit lists the United States as a restricted country.

Is Bybit licensed in New York?

We didn't find Bybit on NYDFS's list of BitLicense or trust-charter holders (checked Oct 19, 2026).

Not legal, financial or investment advice. The CLARITY Act is not law. Facts are from the linked sources as checked on Oct 19, 2026; please tell us if anything is out of date.