Cryptocurrency exchange Bybit and its operating entity, Bybit Fintech Limited, have been added to the Monetary Authority of Singapore (MAS) investor alert list.

On June 17 local time, Cointelegraph reported that MAS did not disclose specific reasons for adding Bybit to the list. Based on publicly available information, Bybit is not a MAS-licensed or regulated entity.

Bybit’s website classifies Singapore as a restricted jurisdiction, and local users cannot use the service.

Singapore is regarded as a cryptocurrency hub, but its level of supervision is high. In Chainalysis' 2025 Global Crypto Adoption Index, Singapore ranked near the top in decentralised finance and digital asset services for institutions, but its retail crypto adoption ranking was relatively low.

In May, MAS revoked a major payment institution licence from cryptocurrency liquidity provider B2Squared Technology. It cited serious regulatory violations in risk management and conflict-of-interest policies, and said the firm submitted false or misleading information multiple times from its initial licence application through subsequent inspections.

Singapore police charged former Hodlnaut chief executive Zhu Juntao (주 준타오) with 6 counts of fraud in the same month. Zhu is accused of misinforming clients about the company's exposure related to the 2022 collapse of the Terra ecosystem. Hodlnaut received a winding-up order after suspending withdrawals in August 2022.

Singapore authorities previously added Binance.com to the investor alert list in 2021. As of June 17, a search of the public list did not show any Binance-related entries among 910 total items.