Bybit cryptocurrency exchange has denied rumors about problems when enrolling deposits from the Necastodial Trust Wallet wallet.
According to them, standard operations for the deposit of funds are available in full and are carried out in normal mode.
The exchange team noted that if potential risks or violations are detected, additional checks can selectively apply to transactions. This procedure is aimed at strengthening the security of the platform and protecting user assets.
The essence of the problem when enrolling the deposit from Trust Wallet was reported by the Cartesius Channel Telegram channel. They told the story of a familiar trader who traded on BYBIT for a long time, making funds from a verified account on another CEX and from Trust Wallet. The total volume of its transactions exceeded 2.5 million USDT.
According to them, the trader also checked the cleanliness of the assets using the Elliptic and Crystal Blockchain, which showed 100% lack of risk.
The authors emphasized that it was precisely the indication of Trust Wallet as the root cause of the blocking that forced them to make a publicity. According to them, about 200,000 USDT on the user’s balance remain frozen.
Separately, Cartesius Channel, as well as other experts emphasized that it is impossible to mark the addresses of Trust Wallet based on a public key.
Recall that in the summer of 2024, BYBIT announced a thorough check of customers from the Russian Federation to comply with sanctions.
In February 2025, Russian users became the main source of traffic for the trading platform – 29% of the total number of visits.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
