Cryptocurrency exchange Bybit announced that it does not accept deposits in US dollars through the SWIFT system and bank orders (for US credit institutions). The decision was explained by “interruptions in services on the partner’s side”.
Notice on Suspension of USD Payments via Bank Transfer
You may continue to make USD deposits via the Advcash Wallet, or buy cryptocurrencies with your credit card on our One-Click Buy page.
More details here: https://t.co/Roae3T4pYJ#bybit #TheCryptoArk pic.twitter.com/XAUI2AeDJC
— Bybit (@Bybit_Official) March 4, 2023
In order to clarify the situation, they explained that the bankers can withdraw dollar deposits through Advcash electronic money or buy cryptocurrency for the help of credit cards.
Cash withdrawals from US dollars via SWIFT and bank transfers will be available until 10 March 2023.
“If you want to invest USD in the shortest term, be kind, make it as clear as possible in order to avoid potential problems, so that you can win through the walls that have piled up,” the platform team wrote.
The company has also announced that the next hour will open the door for cash withdrawal via Advcash.
Context. Bybit one of the largest creditors, which filed for bankruptcy of Genesis Global. Spivzasnovnik that the CEO of the platform Ben Zhou, asking for negative impact of the situation around Genesis Global on the main business of the exchange.