ProBit Global
Summary
ProBit Global was a South Korea-founded centralized cryptocurrency exchange that operated from 2018 until it permanently terminated all services by April 1, 2026. The shutdown followed an inability or unwillingness to obtain MiCA licensing for EU/EEA users and a stated broader regulatory and restructuring rationale for global operations. The wind-down included a controversial abandoned-funds clause under which assets not withdrawn by April 1, 2026 were deemed permanently lost, as well as a monthly administrative fee of up to 10% of balances during the grace period, raising significant consumer-protection concerns.
Connected Entities
1 entities · 10 linked investigationsTimeline(10 events)
2018-11-30
ProBit Exchange publicly launches, founded by Hyunsu Do (CEO) and Steve Woo (CTO) with roots in South Korea and incorporated internationally in the Seychelles.
NewsBTC press release2021-05-09
PROB utility token reaches all-time high of approximately $0.64 USD.
CoinMarketCap historical data2025-08-28
ProBit Global delists 27 tokens including ARNX, AXIS, BGVT, and BITCI, among others, in a routine delisting round.
ProBit Global official announcement (archived)2025-12-26
ProBit Global suspends all spot trading for EU/EEA users at 00:00 UTC, citing MiCA regulatory licensing requirements.
CoinCarp: ProBit Global EU/EEA termination announcement2025-12-30
Account logins from EU/EEA IP addresses are blocked and account access is disabled for all EU/EEA users. Web withdrawal-only access begins from December 31, 2025.
CoinCarp: ProBit Global EU/EEA termination announcement2025-12-31
ProBit Global issues global service termination notice, announcing all platform services will end by February 26, 2026, citing the 'rapidly changing regulatory environment and strategic business restructuring.'
PANews / KuCoin News2026-01-28
Spot trading halts globally at 08:00 UTC+8. All open orders are automatically canceled, new deposits are blocked, and the mobile application is suspended. Web-only withdrawal access remains.
KuCoin News2026-02-26
Standard withdrawal period closes at 07:59 UTC+8. Platform login is disabled. Asset Return System migration of Marketable Assets to USDT begins (running through March 1, 2026).
Gate News / PANews2026-03-01
Late Asset Return Period begins. Users can access remaining assets only via email-based manual processing. Monthly administrative fee of 10% of initial balance or 30 USDT (whichever is greater) begins accruing.
Cube Exchange / MEXC News2026-04-01
Complete service termination. Website permanently closes. Per Terms of Service, all remaining balances are administratively processed and closed. Assets not withdrawn by this date are deemed 'abandoned and permanently lost' with no recovery mechanism.
ProBit Global post-shutdown status page / Gate NewsDecision Log
- hash: CMdAq9m84nTB2Pxj7iGp4yQMKDKYw6CnWEqZqduDYvgj
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/7/2026, 9:49:10 PM
last updated: 6/7/2026, 10:10:48 PM
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