The Crypto Exchange Bybit has recently been made two serious allegations on social media, including heavy listing fees and affecting students. These claims have created a stir in the Crypto Community. The user who made the allegation says that bybit asked for $ 1.4 million for token listing and forced the students to remain silent through their campus program.
Influencer accused, bybit asks for evidence
On 14 April, a social media user named “Silverfang88” made two serious allegations on the crypto exchange bybit. The user has more than 1 lakh followers on the X (first Twitter), claiming that bybit demands a huge fee of $ 1.4 million (about Rs 11.7 crore) to list any tokens on its platform. Along with this, he also alleged that bybit used influential people (KOLS) to keep quiet by giving trial contracts to students under his Campus Ambassador Program.
Immediately after these allegations, Bybit’s CEO Ben Zhou reacted on X and dismissed both claims outright. He said in clear terms, “If bybit has done something wrong, please show the evidence.” Zhou also said that Crypto Dimension is full of rumors and many people post without any concrete information.
Just time ago a victim of $ 1.4 billion hack Bybit is trying to overcome hack And now he is facing such allegations.
No evidence of allegations so far
An official explanation from Bybit also revealed that they do not take $ 1.4 million fees to list the token. Rather, their listing process has some rules – such as the project has to give a promotional budget, as well as submit a security deposit ranging from $ 200,000 to $ 300,000. If a project does not fulfill its promises, then a penalty can be imposed on it.
The listing process consists of several level checks, such as filling the form, research, internal voting and meetings. The company also sees how reliable the token is, its technical model, the team’s transparency and blockchain data is so reliable.
As far as Campus Ambassador Program is concerned, there is no special public statement from the company. However, bybit’s CEO Ben Zhou again sought evidence and said that if anyone has concrete information, he should bring out.
At the moment, no new evidence has been revealed about these allegations and bybit has not made any changes in its listing or student program.
By taking in mind the way Hack Bybit partnership with Zodia Custody to increase safety Is. Zodia Custody is an institutional custody service provider, which will provide safety services to institutional investors on the platform of bybit.
Conclusion
The allegations on Bybit are currently limited to social media claims. The company has dismissed all the allegations and claimed to be clear of the process. CEO Ben Zhou has asked for evidence that nothing can be considered true without evidence. Until concrete evidence is revealed, it is difficult to fully believe these claims. Bybit is operating its listing and student program as before.
