Fact-check findings

The reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.

1. #12[disputed][awaiting moderator]in section: PROB Utility Token: Value Erosion

   “By the time of the exchange's wind-down, the token had declined approximately 93.75% from its all-time high.”

   reviewerProBit issued the ERC-20 utility token PROB with total supply of 190 million; PROB hit an ATH of ~$0.64 on May 9, 2021; by the exchange's wind-down the token had declined approximately 93.75% from its ATH.The ATH figure and date (~$0.64 on May 9, 2021) are well corroborated, but the claimed 93.75% decline (which implies a wind-down price near $0.04) is well below the actual price of roughly $0.001-0.01 that multiple independent price trackers show for the Dec 2025-April 2026 period, a decline closer to 99%+. This appears in both the summary's general risk framing and this section; flagged as one defect group since the same underlying arithmetic/price error likely drives both.
   Proposed correction (not yet applied)

   By the time of the exchange's wind-down, the token had declined more than 99% from its all-time high.
   citedcoinmarketcap.com/currencies/probit-token/

No source the reviewer could reach confirms or contradicts the claim.

1. #2[unverifiable][awaiting moderator]in section: Background and History

   “Do also holds an NYU Stern MBA, is admitted to the Korean bar, and holds the CFA designation.”

   reviewerHyunsu Do holds an NYU Stern MBA, is admitted to the Korean bar, and holds the CFA designation.None of the four sources cited for this section state these specific credentials, and no independent corroboration was found via search. Not contradicted, just unsupported by any source consulted.
   citedtheorg.com/org/probit-exchange-customer-…-chart/hyunsu-dowww.newsbtc.com/press-releases/cryptocur…exchange-probit/
2. #14[unverifiable][awaiting moderator]in section: User Complaints and Customer Service Record

   “Additional alleged complaints described pressure from parties claiming to be ProBit support agents to deposit additional funds to unfreeze accounts — a pattern consistent with pig-butchering or impersonation fraud.”

   reviewerUsers alleged impersonation/pig-butchering-style pressure to deposit funds to unfreeze accounts, and allegations about paid Telegram trading-signal channels with price discrepancies; ProBit denied both.The page appropriately hedges this as an unverified Tier-3 complaint category rather than asserting it as fact, which is the correct treatment; marking unverifiable rather than disputed.
   citedwww.trustpilot.com/review/probit.comwww.sitejabber.com/reviews/probit.com

The claim was accurate when written but events since have overtaken it.

1. #13[stale][awaiting moderator]in section: User Complaints and Customer Service Record

   “A TrustFinance aggregate of 263 reviews reported a TrustScore of 56 out of 100, reflecting a below-average user satisfaction record.”

   reviewerTrustFinance reports a TrustScore of 56/100 from 263 user reviews for ProBit Global.Directionally the claim (below-average score, consumer-review complaints) still holds, but the specific numbers are now out of date on a live, frequently-updated source.
   Proposed correction (not yet applied)

   A TrustFinance aggregate of 267 reviews reported a TrustScore of 58 out of 100, reflecting a below-average user satisfaction record.
   citedwww.trustfinance.com/companies/pro-bit-global

A cited source no longer resolves or no longer says what the page attributes to it.

1. #11[link rot][awaiting moderator]in section: Regulatory Status and Geographic Restrictions

   “https://www.bitget.com/academy/probit-global-review”

   reviewerBitget Academy's 'ProBit Global Review 2026' is a live, accessible source supporting the regulatory-status/restricted-countries claims.This cited source is dead with no available archive. The regulatory/restricted-countries claims in this section are still supported by the other two cited sources (ProBit's own restricted-countries notice and CoinCarp), so the section's substance is not undermined, but this specific citation should be removed.
   citedwww.bitget.com/academy/probit-global-review
2. #16[link rot][awaiting moderator]in the timeline

   “ProBit Global delists 27 tokens including ARNX, AXIS, BGVT, and BITCI, among others, in a routine delisting round.”

   reviewerProBit Global delists 27 tokens including ARNX, AXIS, BGVT, and BITCI on August 28, 2025.This is a low-severity timeline entry and the only source for it is inaccessible both live and via AVOID's own archive; the specific token list and date cannot be independently confirmed. The 403 may reflect bot-blocking rather than true deletion, but as cited it cannot be verified.
   citedwww.probit.com/en-us/hc/1000000674990-Pr…2025-at-2300-PDT

The cited evidence supports part of the claim but not all of it.

1. #4[partially supported][awaiting moderator]in section: Background and History

   “The exchange was incorporated and headquartered in the Seychelles for its international-facing operations (ProBit Global), while a separate entity, ProBit Korea, served South Korean domestic users under Korean Financial Services Commission oversight.”

   reviewerProBit Global (the international entity) was incorporated and headquartered in the Seychelles, separate from ProBit Korea.Seychelles incorporation for the ProBit Global entity is supported by several third-party company-listing sites found via search, but neither of the two sources actually cited for this specific sentence mentions Seychelles, and other third-party sources (FXEmpire) instead describe Tallinn, Estonia as the current headquarters. The claim is plausible but not well-supported by its own citations, and conflicts with at least one other reputable listing.
   citedblog.mexc.com/wiki/what-country-is-probit-exchange-from/www.cube.exchange/what-is/probit-global
2. #17[partially supported][awaiting moderator]in section: Date Discrepancies Across Sources

   “The divergence appears to represent the same moment presented in different time zones (UTC+8 vs. a UTC+0 or UTC-8 conversion).”

   reviewerMultiple outlets (Phemex vs. PANews/KuCoin/Gate) report slightly different hours for the same termination milestones, attributable to time-zone presentation differences; the April 1, 2026 deadline is consistent across all sources.The page's own self-correction section is substantively right (the sources do agree once time zones are normalized) but misidentifies which time zone Gate News actually uses.
   citedphemex.com/news/article/probit-global-to…draw-funds-53296www.gate.com/news/detail/18250999

The cited evidence supports the claim as written.

1. #1[confirmed][no action needed]in section: Background and History

   “ProBit Global was founded in 2018 by Hyunsu Do (CEO) and Steve Woo (CTO), both graduates of Seoul National University.”

   reviewerProBit Global was founded in 2018 by Hyunsu Do (CEO) and Steve Woo (CTO), with Woo previously founding/CEO of Linux International Inc.Core founder/role/company facts are corroborated by the cited press release. Some sources elsewhere give 2017 as an informal founding year, but the Nov 30, 2018 public launch date is the more precisely documented figure and matches the cited source.
   citedwww.newsbtc.com/press-releases/cryptocur…exchange-probit/
2. #3[confirmed][no action needed]in section: Background and History

   “A third co-founder role, Chief Operations Officer, was held by William Liao, who brought a decade of experience at Fortune 100 financial firms.”

   reviewerA third co-founder, William Liao, held the COO role and brought a decade of experience at Fortune 100 financial firms.Matches the only source that discusses this individual (a 2018 promotional press release, which is a Tier-2/Tier-3 quality source but is accurately represented).
   citedwww.newsbtc.com/press-releases/cryptocur…exchange-probit/
3. #5[confirmed][no action needed]in section: Background and History

   “The exchange launched publicly on November 30, 2018, positioning itself as a professional-grade digital asset trading platform aimed at both professional and retail traders globally.”

   reviewerProBit launched publicly on November 30, 2018, claimed 3M+ users, 600+ cryptocurrencies, 800+ trading pairs, 190+ countries, 40+ languages, and ran an IEO launchpad with 5-25% bonuses.Launch date confirmed directly. Peak-usage statistics (3M users, 600+ coins, etc.) are commonly repeated figures across exchange-review sites and are plausible but reflect a later peak, not the 2018 launch point; this is a minor telescoping of time within one sentence but not a factual error.
   citedwww.newsbtc.com/press-releases/cryptocur…exchange-probit/
4. #6[confirmed][no action needed]in section: 2025 EU/EEA Service Termination (MiCA Non-Compliance)

   “All spot trading for EU/EEA accounts was suspended on December 26, 2025 at 00:00 UTC.”

   reviewerProBit Global issued an urgent notice terminating EU/EEA services, citing inability to meet MiCA licensing requirements; spot trading suspended Dec 26, 2025 00:00 UTC; logins blocked by Dec 30, 2025 23:59 UTC.Fully corroborated by the cited primary announcement.
   citedwww.coincarp.com/exchange/announcement/p…e-1000000684987/
5. #7[confirmed][no action needed]in section: 2026 Global Service Termination Announcement

   “Spot trading across all markets was halted on January 28, 2026 at 08:00 UTC+8, with all open orders automatically canceled and new deposits blocked.”

   reviewerProBit Global issued a global termination notice on Dec 31, 2025 citing 'rapidly changing regulatory environment and strategic business restructuring'; spot trading halted Jan 28, 2026 08:00 UTC+8; withdrawals available until Feb 26, 2026 07:59 UTC+8.Confirmed across two independent cited sources with matching timestamps.
   citedwww.kucoin.com/news/flash/probit-global-…february-26-2026www.panewslab.com/en/articles/a4679680-f…f0e-191b03c0d41a
6. #8[confirmed][no action needed]in section: Abandoned-Funds Clause and Administrative Fee Structure

   “During the Late Asset Return Period, ProBit imposed a monthly administrative fee equal to the greater of 10% of the Initial Balance or 30 USDT.”

   reviewerAssets not withdrawn by April 1, 2026 at 07:59 UTC+8 were 'considered abandoned and permanently lost'; Late Asset Return Period ran March 1-31, 2026, required KYC/AML, with a monthly fee of the greater of 10% of initial balance or 30 USDT that did not decrease as balance declined.The abandoned-funds clause and fee mechanics are accurately and specifically represented, matching the Cube Exchange and KuCoin sources even though one of the five sources cited for this section (PANews) does not itself contain the fee figure.
   citedwww.cube.exchange/what-is/probit-globalwww.panewslab.com/en/articles/a4679680-f…f0e-191b03c0d41a
7. #9[confirmed][no action needed]in section: Non-Marketable Assets: Users Holding Altcoins at Elevated Risk

   “During the wind-down, ProBit performed an Asset Return System migration between February 26 and March 1, 2026, in which a defined list of 'Marketable Assets' would be automatically converted to USDT: BTC, ETH, BNB, SOL, TRX, USDC, USDT, XRP, XLM, POL, and PROB (the exchange's own utility token).”

   reviewerAsset Return System migrated a defined list of 'Marketable Assets' (BTC, ETH, BNB, SOL, TRX, USDC, USDT, XRP, XLM, POL, PROB) to USDT between Feb 26 and March 1, 2026; other assets were classified 'Non-Marketable' with zero liquidation value and excluded.Exact asset list and window independently confirmed by two sources.
   citedwww.gate.com/news/detail/18250999www.cube.exchange/what-is/probit-global
8. #10[confirmed][no action needed]in section: Regulatory Status and Geographic Restrictions

   “No enforcement action by the US Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), or Korea's Financial Services Commission (FSC) against ProBit Global specifically was identified in the course of this investigation.”

   reviewerNo enforcement action by the SEC, CFTC, or Korea's FSC against ProBit Global specifically was identified.A negative/absence claim; independent search corroborates that no such enforcement action is publicly documented.
9. #15[confirmed][no action needed]in section: Risk Assessment for Remaining Users

   “As of the date of this investigation (June 2026), ProBit Global has permanently ceased all operations.”

   reviewerAs of June 2026 (date of investigation), ProBit Global has permanently ceased all operations with no compensation scheme identified.Consistent with all other corroborated termination-timeline facts.
   citedwww.probit.com/en-us/dw-status