Bybit shuts down four more Web3 services after axing NFT marketplace

Crypto exchange eXch to shut down amid money laundering allegations - WorldNL Magazine

The firm said it had chosen a “cease and retreat” strategy in response to allegations that the Lazarus Group laundered funds stolen in a $1.4 billion exploit of Bybit. Cryptocurrency exchange eXch announced it will cease operations on May 1 after reports alleged the firm was used to launder funds from a Bybit hack.In an April 17 notice, eXch said the majority of people in its management team voted to “cease and retreat” in response to the allega…

Bybit To Wind Down Web3 Services In Strategic Restructuring - FinanceFeeds

Crypto exchange Bybit is scaling back its Web3 product suite, announcing the shutdown of several services following the closure of its NFT marketplace earlier this month. Bybit said it will sunset a range of decentralized offerings by May 31, including its custodial Cloud Wallet, non-custodial Keyless Wallet, DEX Pro decentralized exchange, Swap & Bridge cross-chain swap widget, and its now-defunct NFT marketplace. The company also plans to disc…

Bybit closes down additional Web3 services following NFT marketplace shutdown

Bybit Halts Operations of Four Additional Services Following Closure of NFT Exchange In the wake of the closure of its NFT exchange, Bybit has made the decision to shut down four more services. The popular crypto trading platform announced that it would be discontinuing these services to focus on other areas of its business. Bybit, which gained popularity for its NFT exchange, faced backlash after abruptly terminating the service earlier this mo…

Bybit shuts down four more Web3 services after axing NFT marketplace

Bybit is scaling back numerous Web3 offerings, such as wallets and NFT tools, to prioritize its central platform after suffering a $1.4 billion hack.

Bybit Web3 Shutdown: Exchange Ends Cloud Wallet, NFT Marketplace

Recent industry updates have revealed that Bybit is shutting down multiple Web3 services by the end of May 2025. According to an April 16 notice, this  Bybit Web3 Shutdown is a “refocused push toward innovation and scalability in the onchain ecosystem” even though some users are confused about the suddenness of the change. Among the services being terminated are Bybit’s Cloud Wallet and Keyless Wallet, which will be fully shut down after May 31.…

Safe cuts 14 team members months after Bybit's $1.43b theft

Months after the Bybit hack raised alarm over custodial risks, Safe has laid off 14 employees, citing coordination challenges. Safe, a self-custody crypto infrastructure provider, has laid off 14 team members as part of a major restructure, months after a…