Popular cryptocurrency exchange Bybit has suspended dollar deposits via bank transfer and SWIFT until further notice due to service interruption from its partner.
In a blog post shared by Bybit on March 4, the transactions made through US banks remittance transactions And SWIFT It has been announced that the option to deposit dollars via
Due to service interruptions from our trading partner, we have suspended SWIFT and wire transfer deposits until further notice. There are no problems with crypto withdrawals.
of the interruption originating from a business partner Stating that Bybit, dollar deposits can be made through the cryptocurrency wallet Advcash Wallet for now. The exchange also emphasized that crypto money purchases with credit cards continue.
On the other hand, it was stated in the statement that withdrawals via US wire transfer and SWIFT will also be suspended due to the same business partner. Users who want to withdraw money with these methods March 10 at 03:00 Bybit, which gives a lot of time, said that it will also launch a withdrawal service through Advcash Wallet in the coming days.
In the statement, it was stated that the dollar assets held in Bybit safe And in safety While it was stated that the business partner in question was Silvergate, the crypto bank that did not disclose its balance sheet on the specified date last week and then there were rumors of bankruptcy. Many crypto companies, including Coinbase, have terminated their partnerships with Silvergate.
Bybit in January Genesisto the bankruptcy of 151 million dollars disclosed that it was worth the exposure.