HomeLatest NewsShort Crypto NewsLaw Enforcement Freezes Funds Of Hotbit Leading To Service Disruption 

Law Enforcement Freezes Funds Of Hotbit Leading To Service Disruption 

Hotbit, a crypto exchange, faced a lawsuit as one of the employees was found guilty of a criminal offence. Upon investigation, it was revealed that the convicted employee violated company protocol when working on an external project, which recently caught the law enforcement body’s attention and they believed the person violated the laws. The exchange currently closed trading and withdrawals after law enforcement froze their funds.   

The senior managers at Hotbit involved in the project are requested to cooperate with law enforcement so that the truth comes out soon.   

As per reports, the crypto exchange platform said they would resume services as soon as all their assets were unfrozen. 

As a passionate content writer, she is always eager to explore new topics. Through her blogs on cryptocurrencies, blockchain technology and non-fungible tokens (NFTs), she intends to help newbies gain a better understanding of the crypto world.


Please enter your comment!
Please enter your name here


Madhubani NFTs – A tribute to traditional Indian Art

Madhubani NFTs is a unique collection of Non-Fungible Tokens (NFTs) created by DigiSmiths agency which highlights the rich cultural heritage of Madhubani art in India....

Pullman Hotels Supports Indigenous Female Artists Through NFT Exhibition 

Pullman Hotels, Australia's top hotel chain, has finally decided to dip its toes in the booming NFT market. They will soon launch Digital E/SCAPES, a...

McCain Foods Debuts Metaverse For A Sustainable Mission 

McCain Foods, the largest seller of ready-to-eat snacks, entered the growing world of the metaverse with a noble objective. The firm has initiated a #saveoursoil...

Chinese Couple Partnered With SriLankan Con Looted 1400 Crore In Crypto Scam 

Crypto scams are gradually gripping the emerging world of crypto and NFTs. In a cryptocurrency scam, a Chinese couple and a Sri Lankan con man...

Stay Connected

- Advertisement -

Similar articles

- Advertisement -