MAS adds Bybit to Investor Alert List
Singapore’s Monetary Authority added Bybit Fintech Limited and Bybit to its Investor Alert List, warning they may create the false impression of being licensed or regulated by MAS.
On Wednesday the Monetary Authority of Singapore added Bybit Fintech Limited and Bybit to its Investor Alert List, saying the entities may create the false impression of being licensed, authorized, regulated or registered by the authority. The regulator did not provide a specific reason for the inclusion. Public records show Bybit is not licensed or regulated by MAS.
Bybit was founded by Singaporean entrepreneur Ben Zhou but the exchange does not operate in Singapore. The company’s website lists Singapore among “Service Restricted Countries,” indicating users in the city-state are not permitted to access its services. Bybit did not respond to requests for comment by the time of publication.
The Investor Alert List is a public registry that identifies firms and investment offers that could be wrongly perceived as having MAS approval. The registry advises the public to verify licensing status before engaging with firms that offer financial products or services.
MAS has continued active oversight of the crypto sector. In May the authority revoked the Major Payment Institution licence of crypto liquidity provider Bsquared Technology after finding weaknesses in risk management and conflicts-of-interest policies and identifying instances of false or misleading information related to its licensing. In a separate development, Singapore police charged former Hodlnaut CEO Zhu Juntao in May with six counts of fraud for allegedly misleading customers about the firm’s exposure to the 2022 Terra ecosystem collapse. Hodlnaut suspended withdrawals in August 2022 and was later ordered to liquidate.
The MAS has placed other crypto platforms on its Investor Alert List in the past, including an entry in 2021. According to the 2025 Global Crypto Adoption Index, Singapore ranks among the top jurisdictions for decentralized finance and institutional digital asset services, while retail crypto adoption is lower.
The regulator’s notice makes clear that inclusion on the list indicates the entities should not be assumed to have MAS oversight or approval.
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