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.