Bybit Warns Brazilian Business Accounts of Forced Liquidations

Bybit is issuing a stern warning to business clients in Brazil who have not completed their required account verification. Affected users must finalize their documentation by August 21 to avoid platform restrictions. If an account remains noncompliant after this deadline, Bybit will limit access to core services and prevent the opening of new positions.

The situation escalates on September 21. On this date, the exchange will begin force liquidating open positions on restricted products at current market prices. Additionally, any unsupported fiat balances will be converted to USDT, and noncompliant bonus funds will be forfeited. These actions come as the exchange updates its local operations to better align with recent directives from the Central Bank of Brazil.

This move is part of a larger migration plan for Brazilian users. Starting September 24, both individual and business accounts will transition to a new local entity designed to satisfy national regulatory standards. While the exchange aims to comply with local rules regarding authorization and anti money laundering, affected users should verify their account status immediately to avoid losing control over their trading positions and assets.

Traders should monitor their in app notifications and email closely. Because the specific list of restricted products has not been disclosed, those holding open positions or fiat balances in Brazil need to be proactive. Ensuring your account is fully verified now is the only way to avoid forced liquidations and potential losses during this transition period.