Hong Kong-based Coinsuper allegedly blocks customers' withdrawals By Cointelegraph

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Hong Kong-based Coinsuper allegedly blocks customers' withdrawals

Cryptocurrency Jan 09, 2022 01:00PM ET

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Hong Kong-based Coinsuper allegedly blocks customers' withdrawals

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A cryptocurrency exchange in Hong Kong has reportedly stopped all withdrawal requests, according to reports. Coinsuper is the sole crypto firm in China that is licensed by the government, and was founded by a former senior UBS Group AG (SIX:UBSG) executive in November 2017.

The report by Bloomberg suggests that customers of the bourse have been unable to withdraw funds since late November, based on a review of messages on the exchange's primary Telegram chat group.

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Comments (1)

Clay Douglass Jan 09, 2022 1:11PM ET

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It's ,China,what do you expect..I'm scared to death of investing in BABA...

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