Crypto Exchange Hotbit Halt Its Operations With Immediate Effect 

Crypto Exchange Hotbit Halt Its Operations With Immediate Effect 

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Hotbit suggested its users withdraw their holdings before June 21, 2023.
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Increasing crypto attacks and the market’s downtrend are responsible for pausing operations.
Cryptocurrency exchange Hotbit announced on May 22, 2023 morning that it would halt all its operations starting today. According to the exchange, the decision to pause its operations after battling numerous negative factors during operations.
As per the company’s statement, the unprecedented FTX collapse and traditional banking crisis leading to the de-pegging of the USD Coin is one of the major factors responsible for the outbreak. It is important to note that the volatility of …
 

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