Hotbit exchange halts operations, urges users to withdraw funds By Cointelegraph

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Hotbit exchange halts operations, urges users to withdraw funds

Published May 22, 2023 03:39AM ET Updated May 22, 2023 04:40PM ET

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Hotbit exchange halts operations, urges users to withdraw funds

Crypto exchange Hotbit announced that it would be halting operations as of May 22. The exchange asked its users to withdraw funds before June 21, at 4:00 am UTC.

In an announcement, the exchange said that its operating conditions have deteriorated since a former member of its team was subjected to an investigation in August 2022. According to the exchange, the probe forced it to stop its business for weeks.

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