Crypto Payment Provider Wyre Limits Users to 90% Asset Withdrawal

Published 01/08/2023, 04:59 AM
Updated 01/08/2023, 05:00 AM
© Reuters.  Crypto Payment Provider Wyre Limits Users to 90% Asset Withdrawal

  • Wyre modified its policy to allow users to withdraw below 90% of their assets.
  • Wyre noted that the decision was in the community’s best interest.
  • The firm made its chief security officer the interim CEO.

Another Web3 firm has officially stated that it is battling a liquidity crisis, forcing the company to limit its users’ withdrawal rights. Yesterday on Twitter, Wyre, a global crypto payment platform, announced that it modified its withdrawal policy to allow customers to only cash out below 90% of their assets at a time.

Additionally, the firm noted that the 90% l ...

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