TLDR:
- Bybit’s Restricted Counterparty List includes Garantex, Bitzlato, EXMO, Payeer and dozens of platforms.
- The list also names Lazarus Group, Hamas, Ansarallah and ISIS-K as sanctioned organizations.
- Bybit screens transactions on an ongoing basis and may suspend accounts linked to violators.
- Huione Guarantee and Xinbi Guarantee face scrutiny over facilitating illicit fund transfers in Asia
Bybit has released a comprehensive Restricted Counterparty List identifying crypto platforms, wallets, and organizations barred from its services.
The list spans trading platforms, payment processors, mixers, darknet markets, and sanctioned entities such as Lazarus Group, Hamas, Ansarallah, and ISIS-K.
The exchange said it actively screens transactions against these names and reserves the right to suspend accounts, block funds, and report violations to regulators.
Bybit Names Dozens of Restricted Platforms and Services
The Restricted Counterparty List includes well-known names such as Garantex, Bitzlato, EXMO, Payeer, and Nobitex. Other flagged platforms include Bitpapa, Chatex, Cryptex, Grinex, and Rapira. The exchange also named WhiteBird, OMPFinex, Ramzinex, HTX, and Wallex among restricted services.
Additional entries cover Tetherland, Bit24, QvaPay, and two guarantee marketplaces, Huione Guarantee and Xinbi Guarantee. These marketplaces have drawn scrutiny for facilitating illicit fund transfers across Southeast Asia.
Mixing services Samourai Wallet, Bitcoin Fog, and ChipMixer appear on the list as well, alongside darknet markets Sinbad and Hydra Market.
Bybit cited its Platform Terms and Conditions as the basis for the restrictions. Under Section 23 of these terms, and Section 28 of the BVAPO Terms, the exchange does not offer services to entities designated under applicable sanctions frameworks.
This includes names on the U.S. Treasury’s Specially Designated Nationals list, the EU’s Consolidated Financial Sanctions List, and equivalent registries maintained by competent authorities worldwide.
The exchange said its screening process runs on an ongoing basis rather than as a one-time check. Where a connection to a prohibited entity is identified, Bybit may suspend or terminate accounts linked to that entity. It may also block related transactions, file regulatory reports, and liquidate open positions tied to the account.
Sanctioned Organizations and Compliance Obligations Outlined
Beyond crypto platforms, the list names organizations tied to security concerns, including Lazarus Group, also known as Hidden Cobra.
Hamas, referred to as the Islamic Resistance Movement, appears alongside Ansarallah, commonly known as the Houthis. ISIS-K, listed as ISIS-Khorasan, rounds out the named organizations.
Bybit outlined user obligations tied to these restrictions in its terms. Users who transact with, transfer funds to, or otherwise engage with a prohibited entity violate the platform’s terms. Users who become aware of such a transaction are required to inform Bybit immediately under the policy.
The exchange stated it reserves the right to take all necessary steps to maintain compliance with applicable laws. This includes cooperation with regulatory bodies and law enforcement authorities across relevant jurisdictions. Bybit did not specify a timeline for updates to the list.
The move reflects a broader pattern among major exchanges tightening compliance amid rising regulatory pressure. Platforms handling sanctioned counterparties face growing scrutiny from global financial watchdogs.
Bybit’s published list gives users a reference point for avoiding inadvertent violations tied to these entities.
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