Former Bybit CEO startup ABFinance cancels launch plans

ABFinance, the U.S. finance startup founded by former Bybit co-CEO Helen Liu, has announced that it will begin winding down.

17 major crypto businesses and about 95 total projects have already closed so far in 2026.

Why is ABFinance closing down?

Helen Liu unveiled ABFinance in mid-March, days after Bybit confirmed her exit. Liu was building the platform in the United States with full U.S. licensing in place from day one. The idea behind the product was to create a single platform that would handle deposits, trading, earning, and payments while linking fiat currency to crypto.

ABFinance announced on August 14, about four months after its initial unveiling, that it will not move forward with its launch and said it is “winding down in an orderly manner” on its X (formerly Twitter) account. 

The company thanked its community, partners, and people who “built” alongside it.

No specific reason was given for the shutdown, and the company also did not say what would happen to its education program. 

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