Since August 10, the Hotbit cryptocurrency exchange has suspended trading, deposits and withdrawals for all customers. The timing of the resumption of operations is unknown.

📢Announcement of Suspension of Hotbit Website Service on August 10, 2022

Details 👉https://t.co/5hf6XS638y

⚠️User’s assets are safe, please don’t worry.

We apologize for any inconvenience!] pic.twitter.com/x7wiIL7j1a

— Hotbit News (@Hotbit_news) 10 August 2022

According to a blog post, the former Hotbit executive was involved in an unnamed project in 2021 that is under investigation. Some senior executives of the stock exchange were summoned to the court to testify.

Some of Hotbit’s assets were frozen as part of the investigation, which prevented the full functioning of the platform. The company announced that they were not aware of what had happened, and the employee left the stock market in April 2022.

The team stated that all users’ assets are safe. Platform employees are collaborating with law enforcement, and lawyers are asking for accounts to be frozen.

Recall that in April 2021, Hotbit suffered a cyberattack, as a result of which the attackers allegedly gained access to the data of about 2 million users. Client funds were not affected.

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