Bybit sunsets its NFT marketplace, IDO services

Cryptocurrency Exchange bybit has announced that it will interrupt its NFT markets and registration as well as close its IDO products.

Crypto exchange Go through The abolition of its markets for its markets to Non -pounded tokens And the NFT based on Bitcoin called registration only a few weeks after losing nearly $ 1.5 billion in the largest flight in the cryptography industry.

In a April 1st announcement On its official website, Bybit said that he had decided to stop operations of its NFT and registration markets, as well as its initial Dex supply products, citing “efforts to rationalize our offers”.

Although the exact reason for the decision is not clear, the decision occurs while the negotiation platform continues to face challenges after a major security violation at the end of February, when Bybit lost around 1.46 billion dollars against the North Korean pirates. While the CEO of Bebit Ben Zhou reassured That the exchange still follows the stolen funds, it is understood that part of the stolen crypto has become not found due to mixing services.

In the latest announcement, Bybit said that he interrupts the NFT platforms on April 8, after which users will no longer be able to access these product pages. Users are advised to take the necessary measures to manage their assets before the stop date, added by Bybit.

For IDO participants, the Bebit has recommended to transfer Ardropped tokens of the Bybit Web3 Cloud wallet to a portfolio of web3 seed phrases or a private key portfolio. Like crypto.News reported Earlier, another NFT market, X2Y2, also closed its services, citing a drop in commercial volume.