ZB

ZB Exchange

ZB.com, often referred to as ZB Exchange, is a cryptocurrency exchange that was originally established in China in 2013 as CHBTC.com. It later rebranded to ZB.com and moved its operations, eventually claiming headquarters in Switzerland (though some sources mention registration in other jurisdictions like China or Singapore). It was once a very large exchange by volume.

Key Aspects (Historical):

• Pioneering History: One of the oldest cryptocurrency exchanges, initially operating in China.
• Diverse Offerings: Historically provided spot, margin, and futures trading, lending, staking, and a native token (ZB token) for fee discounts and governance.
• High Volume: At times, ZB.com reported very high trading volumes, even briefly surpassing major global exchanges in 2019.

Critical Current Status and Concerns:

• 2022 Hack and Suspension: In August 2022, ZB.com suffered a hack resulting in approximately $4.8 million stolen from its hot wallets (in various cryptocurrencies like USDT, USDC, AAVE, SHIB, APE). Following the hack, the exchange suspended all deposits and withdrawals, citing "sudden failure of some core applications."
• Ongoing Inactivity/Suspension: As of May 2025, major cryptocurrency data aggregators (like CoinGecko) list ZB.com with "0 coins" and "0 trading pairs" available, marking it as "Inactive" due to inactivity or insufficient data. The exchange's official website may still be accessible but lacks current trading activity.
• Lack of User Reimbursement Clarity: While the hack was widely reported, there is no clear public information or official statement from ZB.com regarding comprehensive user reimbursement for the stolen funds, unlike some other exchanges that publicly commit to and execute reimbursements.
• Unclear Regulatory Status: Its regulatory status is ambiguous. While some reports from 2020 mentioned a PSA license exemption in Singapore, its current operational state and lack of transparent updates make it difficult to ascertain current regulatory compliance across jurisdictions. Its claimed Swiss headquarters also doesn't provide clarity on specific financial licenses.
• No Proof of Reserves (PoR): ZB.com does not offer Proof of Reserves, which is a crucial transparency measure adopted by many reputable exchanges to verify customer assets.