April 26, 2024

Hotbit exchange suspended trading and withdrawals

Hotbit exchange suspended trading and withdrawals

Since August 10, the Hotbit cryptocurrency exchange has suspended trading, deposits and withdrawals of funds for all clients. Deadlinesresumption of operations are unknown.

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According to a blog post, former executiveHotbit was involved in an unnamed project in 2021 that is under investigation. Some top managers of the exchange were summoned to court to testify.

Some of Hotbit's assets have been frozen as part of the investigation, which prevents the full operation of the platform. The company clarified that they did not know about what was happening, and the employee left the exchange in April 2022.

The team stated that the assets of all users are safe. Platform employees are cooperating with law enforcement officers, and lawyers are seeking to unfreeze accounts.

Recall that in April 2021, Hotbit was subjected to a cyberattack, as a result of which attackers allegedly gained access to the data of almost 2 million users. Customer funds were not affected.

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