Bybit says some business users in Brazil must complete a requested verification by August 21, 2026, or face forced liquidations of their positions 30 days later, a deadline that sets up a hard countdown for affected accounts.
What Bybit announced for some business users in Brazil
The exchange’s notice applies to some business users in Brazil, not necessarily all Bybit customers, and centers on a requested verification rather than a generic platform update, according to Bybit’s announcement. For related coverage, see Bybit Gets US Court Backing to Trace Funds From $1.5B North Korea-Linked Hack.
The required action is to complete the requested verification by August 21, 2026. Affected users have a verification request outstanding on their accounts that must be resolved by that date. For related coverage, see Bybit Sues North Korea, Lazarus Over $1.5B Hack.
The measure is tied to Bybit’s business account requirements, which the exchange outlines in its Business KYC guidance. Bybit has separately moved to expand its regulated footprint, including securing an Austrian EMI license for EU payments.
What missing the Aug. 21 deadline could mean 30 days later
If affected users do not complete the requested verification, forced liquidations could follow 30 days after the deadline. That places the liquidation risk on September 20, 2026, the calendar date 30 days after August 21.
The consequence is linked specifically to failing to complete the verification, not to unrelated trading or market risk. Reporting on the notice framed the 30-day window as beginning for business crypto accounts missing the new verification rules.
What affected users should do before the deadline
Users should first confirm whether their account carries a pending verification request, since the scope appears limited to some business users in Brazil rather than the broader customer base.
For those affected, the practical step is to complete the requested verification before August 21, 2026, to avoid the forced-liquidation path. Users uncertain about their account type should verify whether the notice applies to them before assuming they are affected.
Bybit has been active on the legal and compliance front more broadly, including filing a US federal civil lawsuit tied to its 2025 hack and winning US court orders to trace and freeze assets linked to that incident.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
