Head of International Corporate Law and Fintech Practice

Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.

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Case: Successful unlocking of 5 BTC on ByBit exchange

Reading time: 1 min.

A customer contacted our company after 5 Bitcoin and $30,000 in USDT stablecoin were locked out of his account.

ByBit’s compliance service suspended access due to suspicions of potentially risky activity, making a number of demands:

  • AML (Anti-Money Laundering) Compliance
  • CTF (Counter Terrorist Financing) Compliance
  • Confirmation of the source of funds
  • Explain the connection with questionable crypto exchanges that are involved in fraudulent schemes.

Our team carried out comprehensive work on the preparation and provision of the necessary documentation: collected and systematized supporting documents, formulated detailed explanations regarding the lack of connection of the client’s cryptocurrency with dubious exchanges, and ensured transparent communication with the ByBit compliance service.

After just 4 days, after the start of cooperation, the client’s account was completely unblocked – he got the opportunity to freely dispose of his assets, and his reputation and trust of the crypto exchange were preserved.

Our legal support made it possible to successfully resolve a complex situation with the blocking of a cryptocurrency account, demonstrate the full legitimacy of transactions and protect the client’s interests.

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