In connection with the investigation of one of the former leaders of the Hotbit exchange, the platform was forced to suspend all operations until further notice.
Cryptocurrency exchange Hotbit notified users of the platform about the temporary suspension of all operations, in particular, trading and exchanging crypto assets, placing deposits, withdrawing and replenishing funds.
According to the platform, the stoppage of operations was the result of the fact that law enforcement agencies are investigating a criminal case against a former top manager of Hotbit, who was involved in a criminal project last year that violates criminal law.
In addition, during the investigation, law enforcement agencies froze some Hotbit funds, which interferes with the normal operation of the platform.
The exchange states that current employees of the company are not involved in dubious projects that are contrary to Hotbit’s internal principles, and are ready to actively cooperate with investigating authorities to unlock assets as soon as possible.
In a message to customers, the exchange informs that all assets and user data are safe, and the platform will resume normal operation as soon as the lock is lifted.
In April 2021, the Hotbit cryptocurrency exchange announced that it was suspending operations during maintenance after a hacker attack and a possible data breach of 2 million users.
Source: Bits
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