The cryptocurrency firm – Juno – advised its users to withdraw their assets and store them in self-custody wallets or sell their holdings for cash because of “uncertainty” with its partner.
The company plans to solve the issues by finding a new associate.
A Warning Before the Storm?
In a recent Twitter thread, Juno revealed that its custody partner has been experiencing certain problems. As such, the entity temporarily halted cryptocurrency purchases on its platform and auto-converted the stablecoins – USDC, USDT, mUSDC – to USD.
It also encouraged customers to withdraw their ownings and transfer them into self-custody wallets as a protection measure. The firm added that clients could sell their stash for fiat in case they don’t want to rely on non-custodial wallets.
2/ Juno as a platform doesn’t custody crypto assets & relies on our crypto partner for these services.
Due to uncertainty with our crypto partner, we have taken preemptive action in the interest of our
We współpracy z: https://cryptopotato.com/crypto-platform-advises-users-to-withdraw-funds-amid-custody-issues/
