ASIC Takes Down Yepbit Sites After Withdrawal Complaints

Yepbit markets itself as a global digital-asset and futures trading platform, including to Australian users. The Australian Securities and Investments Commission said it holds no Australian Financial Services Licence and is not listed as a virtual asset service provider on AUSTRAC’s VASPR register. A certificate of incorporation or Australian Company Number does not confer permission to offer financial services, leaving customers without standard licensed-market protections. Scrutiny has spread abroad: the Philippine Securities and Exchange Commission issued a cease-and-desist order on Feb. 4, 2026, and Ghana’s SEC warned about Yepbit Exchange and Bonchat on July 15.

ASIC warned consumers on Aug. 12, 2026, after multiple investors reported they could not withdraw money from Yepbit. The regulator said it had used its takedown capability against several purported Yepbit websites and had issued warnings covering yepbit6.com, ybtaa.com, yepbit.xyz and yepbit.net. It rejected Yepbit’s assertion that ASIC had frozen customer funds during an audit or compliance review, saying any such action would be disclosed publicly. ASIC said the claim appeared designed to shift responsibility and keep investors waiting or paying more. No verified total for affected users or blocked funds was disclosed as of Aug. 12.