Wire · operational-macro
Former Bybit CEO startup ABFinance cancels launch plans
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Fusion42 · 15 August 2026 · Fusion42 review
ABFinance, a U.S.-based crypto-finance startup led by former Bybit co-CEO Helen Liu, has cancelled its planned launch and is winding down operations four months after unveiling. This closure is part of a broader trend of crypto business failures in 2026, with at least 17 major companies and about 95 projects shutting down amid a prolonged bear market and sector consolidation.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
The crypto market in the U.S. is shrinking rapidly, forcing fintech founders focused on crypto to rethink their market entry or growth strategies immediately. You must prepare for heightened competition from consolidating giants or pivot to more resilient financial sectors.
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1 source · 15 Aug 2026
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