Bybit Disavows “BILLI” Token and BybitBilli Account as Scam

Steady attention without excessive speculation.

The warning targets an X account that calls itself the “Official Bybit Mascot.” That account lists a Solana contract and a promotional site in its bio. According to Bybit, none of it is endorsed.

What Bybit Actually Said

Bybit kept the message short and direct. In the official post, the exchange said it has “no affiliation with, association with, or endorsement of the BybitBilli account, BILLI token, or any related project.”

The exchange then urged users to trust only its verified channels. Specifically, it pointed followers toward its official account and its announcements hub for authentic updates.

Notably, Bybit did not call the project a scam. Instead, it simply denied any link. That distinction matters, because the Bybit BILLI token remains live and tradable.

The Bybit BILLI Token On-Chain

The Bybit BILLI token trades mainly on Solana, under contract HrGqFD7jqZ3a41YvJXeQquzXwgsCR3Jv72wPzE9Dbrrr. According to CoinGecko, it carried a market cap near $97,000 at research time.

Its price sat around $0.00010, with 24-hour volume between $26,000 and $31,000. Roughly 944 million tokens circulate out of a 1 billion maximum supply. Most trading runs through Meteora, a Solana venue.

The token is small, yet it is not new. Its all-time high came around April 22, 2026, near $0.0004. So the project had traded for months before Bybit spoke up. Live figures are visible on Solscan and DexScreener.

A separate BILLI version also exists on Mantle, under a different contract. Readers should treat the two as distinct, since only the Solana token appears in the warning.

Little Market Impact So Far

The disavowal did not trigger an obvious crash. In fact, the token’s 24-hour change stayed positive in the hours after the post, according to CoinGecko snapshots.

Volume and price had already climbed above recent lows before the warning. So no dramatic dump lined up with the exact minute Bybit spoke. Liquidity, meanwhile, sat in the low tens of thousands of dollars, which leaves the token thin and volatile.

Bybit’s own business showed no measurable effect either. The warning was a reputational move, not a market event.

The Account Fires Back

The BybitBilli account replied within minutes. It framed itself as a community-driven project and said its migration plans would continue as planned.

In one reply, the account joked that it had been “fired” as mascot. It then rebranded itself as “the community mascot of Bybit” rather than the official one.

Supporters echoed that framing. Some accused Bybit of “denying” a mascot it had promoted through giveaways and a public naming contest. Others flagged the timing, which landed near a claimed pump.fun migration.

Sentiment split quickly. A few winners of past Bybit “Billi” giveaways even asked about prizes they said were unpaid. Meanwhile, more cautious users simply thanked Bybit for the heads-up.

Why the Mascot Matters

Bybit’s cat mascot is real. The exchange ran a “Name the Cat” contest in late 2025 and has used “Billi” in marketing ever since.

That history is exactly why the impersonation works. When an exchange popularizes a character, opportunistic tokens can borrow it to imply endorsement.

Moreover, the playbook is familiar across crypto. Typically, a lookalike account brands itself as official, points to a low-liquidity meme token, and lets buyers assume a connection. As a result, retail traders can mistake community hype for a genuine exchange product.

Why Bybit Moved To Distance Itself

Bybit has good reason to guard its brand closely. In February 2025, hackers drained roughly $1.5 billion in Ethereum from the exchange, in one of the largest crypto thefts on record.

Investigators tied that attack to North Korea’s Lazarus Group. CEO Ben Zhou addressed the breach publicly and led the recovery effort. Since then, Bybit has stayed alert to anything that muddies its name.

Against that backdrop, a token posing as an official mascot is an easy call. Consequently, the exchange issued a clean, public denial rather than staying silent.

How to Verify the Bybit BILLI Token Claims

Users can verify Bybit news through a few fixed channels. The blue-checked Bybit account and the announcements page remain the authoritative sources. Above all, treat any token that claims official status as unverified until the exchange confirms it directly.

Cross-checking the contract also helps. Before buying, paste the address into a scanner, review the liquidity, and confirm the source. In short, verify first and assume nothing from a lookalike handle.

On-chain, no public scanner flagged the Solana contract as a honeypot at research time. Still, an absence of red flags is not proof of safety. Low-liquidity meme tokens carry real risk, and prices can swing fast.

For now, Bybit has said its piece in a single post. Whether the community token fades or presses on, the exchange wants one point clear. The Bybit BILLI token is not its own project. This article is not financial advice.