pull down to refresh

Dear Hotbit [exchange] users, we regret to inform you ...hotbit.zendesk.com/hc/en-us/articles/8074249353495
65 sats \ 4 comments \ @cryptocoin 10 Aug 2022 bitcoin
write
preview
related posts
25 sats \ 1 reply \ @OneOneSeven 10 Aug 2022
But their website says trade anytime anywhere???
reply
0 sats \ 0 replies \ @cryptocoin OP 10 Aug 2022
That's called marketing. You must also read the fine print.
It's in the Terms Of Service:
You hereby agree that, Hotbit shall have the right to terminate all or part of Hotbit Service to you, temporarily freeze or permanently freeze (cancel) the authorizations of your account on Hotbit at Hotbit’s sole discretion, without any prior notice, for whatsoever reason, and Hotbit shall not be liable to you; however, Hotbit shall have the right to keep and use the transaction data, records and other information that is related to such account.
https://www.hotbit.io/support?page=serviceTerm
reply
0 sats \ 1 reply \ @cryptocoin OP 10 Aug 2022
Announcement on the Suspension of Hotbit Website Service
Dear Hotbit users,
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 reason is that a former Hotbit management employee who left Hotbit in April this year was involved in a project last year(which was against Hotbit's internal principles and of which Hotbit was unknown) that law enforcement authorities now think is suspected of violating criminal laws.
Law enforcement has frozen some funds of Hotbit, which has prevented Hotbit from running normally.
reply
0 sats \ 0 replies \ @cryptocoin OP 10 Aug 2022
Here's an article on this from CoinDesk:
Crypto Trading Platform Hotbit Suspends Service Amid Criminal Investigation Into Former Employee https://www.coindesk.com/business/2022/08/10/crypto-trading-platform-hotbit-suspends-service-amid-criminal-investigation-into-former-employee https://archive.ph/rNQhB <-- An archive, which can be easier to read
reply