Bybit's Counterparty List Runs to Over 50 Names: What to Check on Balances, Withdrawals and Custody

Bybit has published a list of counterparties whose mere involvement is enough, under the exchange's own rules, to have a customer account frozen. According to an analysis by the industry portal coin-turk, the so-called Restricted Counterparty List names more than 50 platforms, payment services, mixing providers, darknet marketplaces and sanctioned organisations. Anyone who sends funds to one of these addresses, receives from one, or comes into contact with one by any other route is in breach of the exchange's terms of use, on Bybit's reading. For you as a user, that means the decisive check concerns not the future but your payment history as it already stands. The list is both things at once: a protective instrument for the exchange, and a risk for customers who have never documented where their own funds came from. What Bybit's Restricted Counterparty List actually is A restricted counterparty list is a register of counterparties whose payment traffic an exchange will not tolerate from its customers. The term counterparty covers every address, every account and every service at the other end of a transaction. Unlike a state sanctions list, the decision here rests with a private co...