Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange’s former employee.
Hotbit Suspends Trading, Deposits, Withdrawals
Cryptocurrency exchange Hotbit announced the suspension of its services on Wednesday. The company wrote:
We regret to inform you that Hotbit will have to suspend trading, deposit, withdrawal and funding functions. The exact time of resumption cannot be determined at the moment.
The exchange detailed that the reason for the suspension is because a former management employee is suspected of violating criminal laws.
The employee left Hotbit in April. Unbeknownst to the exchange, he was involved in a project last year that was in violation of the company’s internal practice, the announcement details.
Law enforcement has subpoenaed a number of Hotbit...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...