Crypto exchange Bitfront founded by social media giant LINE on Monday announced shutting down the crypto exchange due to facing challenges in the crypto industry. Users can withdraw their crypto assets until March 31, 2023, with new signups and credit card payments suspended immediately. Several crypto companies are facing challenges amid the FTX contagion.
Crypto Exchange Bitfront Announces Closure
In an official notice on November 28, crypto exchange Bitfront announced the need to shut down to grow the LINE blockchain ecosystem and LINK token economy.
Bitfront team claims the decision is unrelated to recent accusations of misconduct against several crypto exchanges following the collapse of FTX. It believes closing operations is in the best interest of the LINE blockchain ecosystem. However, the crypto exchange also agreed it failed to overcome challenges despite making efforts in this rapidly-evolving industry.
“BITFRONT was established to enable users to safely store and freely t
We współpracy z: https://coingape.com/crypto-exchanges-bitfront-aax-suspends-services-amid-ftx-contagion/
