Bybit Account Unblocked After a Legal Opinion and Funds Review
Executive Summary
A client approached P&P after access to a Bybit account was restricted. The client required a legal assessment of the circumstances and a documented position for addressing the restriction. P&P reviewed the available information, collected supporting documents and data concerning the legitimacy of the funds, held a series of online meetings with the client and prepared a legal opinion based on the confirmed circumstances and applicable legal framework. The account was subsequently unblocked on the first attempt.
Client Context and Objective
The client faced a restriction affecting a cryptocurrency account on Bybit and needed to understand the appropriate legal and practical steps for seeking restoration of access.
The objective was to prepare a documented legal position supported by information and records demonstrating the legitimacy of the funds associated with the account.
The Compliance Challenge
The matter required more than a general explanation of the account activity. The factual circumstances and supporting evidence had to be reviewed together so that the legal position reflected the client’s actual situation.
The supporting materials also needed to address the legitimacy of the funds and be consistent with the facts incorporated into the legal opinion.
P&P Work
- Review the circumstances of the restriction. P&P analysed the information available from the client to establish the relevant facts and determine the scope of the legal assessment.
- Collect supporting information and documents. The team gathered the records and data needed to support the legitimacy of the client’s funds and the factual background of the matter.
- Reconcile the factual position with the client. A series of online meetings was held to clarify the circumstances, review the available materials and agree the factual basis of the legal position.
- Prepare and finalise the legal opinion. P&P drafted a legal opinion setting out the relevant circumstances and legal basis. The final text was reviewed and agreed with the client.
Roles and Responsibilities
The client provided the information and supporting records required to establish the factual background of the matter. P&P reviewed those materials, structured the factual and legal position and prepared the final legal opinion.
Bybit remained responsible for its internal account review and for the decision to remove the restriction.
Deliverables
- A reviewed set of supporting documents and information relating to the legitimacy of the funds.
- A final legal opinion reflecting the confirmed circumstances and applicable legal framework.
Result
The Bybit account was unblocked on the first attempt. The restriction was removed and the client regained access to the account.
| Before the engagement | Outcome |
|---|---|
| Access to the Bybit account was restricted and the client required a documented legal position. | The account restriction was removed following preparation of the supporting materials and legal opinion. |
Practical Lessons
- Build the legal position around verified facts. A useful legal opinion should reflect the specific circumstances of the account restriction rather than rely on a generic compliance explanation.
- Reconcile supporting evidence before finalising the position. Documents concerning the legitimacy of funds should be consistent with the factual chronology presented in the matter.
- Separate legal preparation from the platform decision. P&P prepared the supporting materials and legal position; Bybit conducted its own review and decided to lift the restriction.
Legal Support for Crypto Asset Issues
Support when access, withdrawals or transactions are restricted.
Explore service
Clear evidence mapping and structured responses to compliance requests.
Explore service
Evidence preservation and coordinated escalation after a scam or disputed transfer.
Explore serviceFrom First Review to Structured Escalation
Free Assessment
We confirm scope, jurisdiction and the most useful next step.
Evidence Review
Documents, transactions and notices are reviewed as one chronology.
Strategy & Engagement
We define the legal and compliance route and agree the scope.
Platform or Authority Position
The structured position is submitted and escalated where appropriate.
Outcome & Next Actions
We advise on the response and measures needed to protect your position.
Clear Scope Before Engagement
The fee model is proposed after the preliminary assessment and depends on scope, jurisdiction and recovery route.
Fixed Fee
A defined price for an agreed scope of legal or compliance work.
Staged Fees
Separate fees for assessment, submissions, negotiations and escalation.
Fixed Fee + Success Component
A fixed part combined with a result-based component where appropriate.
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