The Monetary Authority of Singapore added Bybit Fintech Limited to its Investor Alert List on June 17, placing one of the world’s largest crypto exchanges alongside previously flagged platforms like Binance and KuCoin.
The designation doesn’t ban Bybit from operating. But it does something arguably more damaging: it tells Singaporean investors, in official government language, that this exchange may be falsely presenting itself as licensed or regulated by MAS.
What the Investor Alert List actually means
The MAS Investor Alert List is a public warning that an entity might be giving investors the wrong impression about its regulatory standing in Singapore. MAS has established the list to highlight entities that are not regulated but could be seen as licensed entities, particularly under the Payment Services Act.
The list has become a familiar landing spot for major crypto exchanges operating in the region. KuCoin was added on February 11, 2026. Binance has been on the list since September 2021. Now Bybit joins that increasingly crowded company.
