On December 30, according to Crowdfund Insider, the Securities Commission of Malaysia required Bybit to shut down its website, mobile application or any other digital application platform accessible in Malaysia within 14 working days from December 11, 2024. Immediately stop publishing ads targeting Malaysian investors and terminate its Telegram support group for Malaysians. In a statement, the Securities Commission of Malaysia emphasized that Malaysia’s regulations are designed to protect investors and maintain market integrity, and warned that unauthorized platforms pose fraud and security risks.