Meme Insider

Bybit Locks $1.2M User Account Over Money Laundering Fears: $700K Positions at Risk

A Bybit trader faces frozen funds and open positions after a massive deposit triggers money laundering suspicions. Explore the risks of centralized crypto exchanges and why self-custody is crucial in 2025.

December 5, 2025

Bybit Freezes Trader's Account Over $1.2M Deposit: Money Laundering Probe Locks $700K in Positions

A crypto trader wakes up to a blocked Bybit account accused of money laundering after depositing $1.2 million, leaving $700K in perpetual futures positions inaccessible and threatening lawsuits.

December 5, 2025