Many users will continue to leave Bybit due to blocked withdrawals

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I have complied with the KYC requirements, but this is the third instance within two years where Bybit has blocked withdrawals under 2BTC to previously verified address - requesting additional identification or verification under the guise of security measures. Despite having successfully used 2FA and confirming my chosen withdrawal verification settings, Bybit's actions are unique. Scrolling through Twitter and other online forums reveals that thousands of users have experienced similar problems.

These types of unethical business practices will catch up to Bybit eventually, destroying the trust of their user base and potentially leading to their downfall.

Even if Bybit eventually allows withdrawals after numerous identity verification's, users will not feel safe using the platform anymore.

I, for one, have decided to close my accounts and solely use decentralized exchanges going forward.

If Bybit's leadership had any common sense, they would realize that traditional brokerages that have been in business for decades do not jeopardize their clients' trust in such a way.