Crypto▼ Bearish
ABFinance Shuts Down Before Public Launch, Founder Helen Liu Suspends Operations
Former Bybit co-CEO Helen Liu's U.S.-compliant platform ABFinance suspended operations before launching. The closure joins a wave of crypto project shutdowns in 2026.
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ABFinance, the U.S.-compliant crypto trading platform founded by former Bybit co-CEO Helen Liu, has suspended operations before its public launch. The company announced the decision on X, thanking its community and partners. It did not provide a specific reason or a timeline for winding down.
Liu announced the platform in March 2026, positioning it as a fully licensed U.S. exchange. The goal was to combine deposits, earnings, and spending under a single regulatory umbrella. Five months later, the core product had not launched.
The crypto market has been in a prolonged downturn since late 2025. Total market capitalization fell from a peak of $3.5 trillion to below $1 trillion, according to CoinGecko. Daily spot trading volume on major exchanges dropped to $43 billion from a peak of over $150 billion, data from CoinMarketCap show. The decline has squeezed revenue across the industry.