Question 1

Who founded ABFinance?

Accepted Answer

Helen Liu, who stepped down as Bybit's co-CEO on April 30, 2026, after five years at the exchange, founded ABFinance to build a US-licensed platform combining deposits, trading, earning, and payments while bridging fiat and crypto.

Question 2

What did ABFinance say when it canceled its launch?

Accepted Answer

In an August 14 post on X, the company said its "planned launch will not move forward" and that it is "winding down in an orderly manner," thanking its community, partners, and the people who built the project.

Question 3

How many crypto projects have shut down in 2026?

Accepted Answer

By late July, Cryptopolitan reported that 17 major crypto ventures had closed and about 95 projects in total had shut down during 2026, a wave attributed to the bear market and consolidation into a few leading platforms.

ABFinance

Ex-Bybit co-CEO’s ABFinance scraps launch amid 2026 shutdown wave

One sharp brief.
Every day.

ABFinance

Ex-Bybit co-CEO’s ABFinance scraps launch amid 2026 shutdown wave

One sharp brief.Every day.

One sharp brief.
Every day.