Criminal Investigation Results In Service Suspension At Hotbit

Criminal Investigation Results In Service Suspension At Hotbit

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Criminal Investigation Results In Service Suspension At Hotbit

Crypto Daily™2 months ago
AprilApril
Published on August 11, 2022 16:27 GMT+00:00edited on August 12, 2022 11:19 GMT+00:00

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The trading platform Hotbit Crypto Exchange has suspended services after being subpoenaed in conjunction with a criminal investigation into a former employee. 

Ex-Employee’s Alleged Illegal Activities

As a part of the ongoing criminal investigation, law enforcement agents have frozen certain funds of the firm, forcing Hotbit to suspend crypto trading, deposits, and withdrawals. The firm released a statement on the matter, which said, 

“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 statement also shed some light on the former employee who is being investigated due to their involvement in an external matter in 2021 that the …