-snip-
But why include all of the users' funds? Why the sudden freeze of the rest of the users' trading and withdrawal functions? Moreover, orders were all canceled. And, worse, "all leveraged exchange-traded fund positions will be liquidated." Finally, there's "no timeframe for resumption" of all activities.
But why include all of the users' funds? Why the sudden freeze of the rest of the users' trading and withdrawal functions? Moreover, orders were all canceled. And, worse, "all leveraged exchange-traded fund positions will be liquidated." Finally, there's "no timeframe for resumption" of all activities.
That's part of the investigation. Fyi, hotbit does not adopt a KYC system for any amount of customer transactions like other centralized exchanges (unless they request it personally). Actually, it's a bit strange if Hotbit claims to be headquartered and comply with Hong Kong regulations. And now the consequences for customers with that convenience befall, when their insiders are involved in criminal activities then anyone becomes the target of investigation by legal authorities, including normal customers.
