Home » Business » “Huge News: Hotbit Exchange Suspends Deposits, Withdrawals, and Trading Due to Investigations and Hacks”

“Huge News: Hotbit Exchange Suspends Deposits, Withdrawals, and Trading Due to Investigations and Hacks”

(background supplement:Hotbit Exchange Suspends Deposits, Withdrawals, and Trading: Some Funds Are Frozen by the Government, and Former Employees Are Under Criminal Investigation

addThe cryptocurrency exchange Hotbit announced on its official Twitter, “After 5 years and 4 months of operation, step down and bow”, saying that the platform will stop all exchange functions at 12 o’clock on May 22, Taiwan time, and all users must Withdraw all remaining assets by 12:00 on the 21st.

According to Hotbit, due to the deterioration of operations and the changes in the encryption industry, it is found that the current business model supporting multiple assets is unsustainable.

On August 10 last year, Hotbit suspended withdrawals and transactions due to the involvement of former employees in illegal projects, and some funds were frozen by law enforcement agencies. And Hotbit was also attacked by hackers in 2021, affecting more than 2 million users and being down for maintenance for more than a week.

📍Related reports📍

Hotbit Exchange Suspends Deposits, Withdrawals, and Trading: Some Funds Are Frozen by the Government, and Former Employees Are Under Criminal Investigation

Hotbit restricts the deposit and withdrawal functions of “registered mobile phone users in China”, and the trading volume in a single day plummets by 70%

The exchange Hotbit was shocked to be hacked!The service was shut down for 7-14 days, and 2 million users suffered. Internet bombardment: fundamental robbery


2023-05-22 05:03:12
#Express #NewsHotbit #exchange #closedUsers #complete #withdrawal

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.