Bybit Restricts Transfers to Sanctioned Entities Including Lazarus Group and CryptoPro
Cryptocurrency exchange Bybit has issued warnings to users regarding transfers involving sanctioned organizations. Sending cryptocurrency to or receiving funds from such entities is now prohibited, whether conducted directly or through intermediaries.
The exchange published a list titled Restricted Counterparties that can be updated at any time. Among the entities listed are the North Korean cybercriminal group Lazarus and the Russian developer of cryptographic protection tools CryptoPro. Bybit does not claim any direct connection between these organizations beyond their presence on sanctions lists.
Outgoing transfers to prohibited counterparties will be automatically declined. Funds received from listed addresses or related wallets may be frozen, and returning them to the sender is not always possible as legislation may require indefinite holding. User accounts involved in such activity risk suspension or permanent closure.
Bybit reminds users that blockchain transactions are public, enabling fund tracing without requiring admissions from wallet owners. The list is not exhaustive, and the platform may block operations involving counterparties not yet formally added.
These restrictions are part of Bybit's terms of service, which authorize termination of service for any persons or organizations appearing on sanctions lists maintained by the United States, European Union, and United Kingdom.
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