2023-05-22 05:03:12
(background supplement:Hotbit Exchange Suspends Deposits, Withdrawals, and Trading: Some Funds Are Frozen by the Government, and Former Employees Are Under Criminal Investigation ）
addThe cryptocurrency exchange Hotbit announced on its official Twitter, “After 5 years and 4 months of operation, step down and bow”, saying that the platform will stop all exchange functions at 12 o’clock on May 22, Taiwan time, and all users must Withdraw all remaining assets by 12:00 on the 21st.
It’s time to take a bow ????
For 5 years and 4 months, the Hotbit team has been proud to participate in a wonderful crypto show with 5 million users. However, it is with great regret that we have made the decision to stop all CEX operations from May 22, UTC 04:00. We kindly ask all…— Hotbit News (@Hotbit_news) May 22, 2023
According to Hotbit, due to the deterioration of operations and the changes in the encryption industry, it is found that the current business model supporting multiple assets is unsustainable.
On August 10 last year, Hotbit suspended withdrawals and transactions due to the involvement of former employees in illegal projects, and some funds were frozen by law enforcement agencies. And Hotbit was also attacked by hackers in 2021, affecting more than 2 million users and being down for maintenance for more than a week.
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