Hodlnaut suspends cryptocurrency withdrawals

The platform announced that it also canceled the withdrawal of funds and exchange of cryptocurrencies due to current market conditions

Cryptocurrency lending and trading platform Hodlnaut has decided to suspend all withdrawals and token swaps as a result of recent conditions in the markets, the company reported.

“We regret to inform you that we will be suspending withdrawals, token swaps, and deposits effective immediately. We have come to this difficult decision due to recent market conditions,” the platform said in a statement.

In this sense, the company reported that “this difficult decision” is due to the need to focus on stabilizing the platform’s liquidity situation and preserving assets.

“We are actively working on the recovery plan on which we hope to provide updates and details as soon as possible”, he added.

K. Tovar

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Source: Decrypt

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