Australian Securities and Investments Commission shuts down digital asset platform Yepbit, exposing its fabricated excuse for freezing funds

The Australian Securities and Investments Commission has shut down multiple websites of the digital asset platform Yepbit and warned users not to trade with the platform. The Australian Securities and Investments Commission stated that Yepbit fabricated the claim that ASIC froze funds in order to delay investors' refund requests. Yepbit does not hold an Australian financial services license and is not registered as a virtual asset service provider in AUSTRAC.