Hotbit crypto exchange announced a work stoppage


Trading, deposits, and withdrawals on the Hotbit exchange will be unavailable to customers until the next announcement. Hotbit was assured that users’ funds are safe.

A former employee of the exchange, according to the report, was involved in a project against which an investigation is underway. The unnamed project is suspected of violating criminal law.

"Hotbit’s top managers have been called to law enforcement agencies since the end of July — they are helping in the investigation. In addition, some assets of Hotbit have been frozen, which prevented its normal operation," the exchange said in a statement.

As soon as the assets are unfrozen, Hotbit will resume working as usual, representatives of the crypto exchange explained.

Hotbit ranks 191st in the CoinMarketCap ranking with a trading volume of $351 million.

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