Crypto exchange Bitfront shuts down

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Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few months despite efforts to overcome challenges in the rapidly evolving industry.

"However, despite our efforts ... we have regretfully determined that we need to shut down BITFRONT in order to continue growing the LINE blockchain ecosystem and LINK token economy," the California-based company said in a statement on itsBitfront said the move is unrelated to recent issues among certain crypto exchanges that have been accused of "misconduct".

FTX, which was among the world's largest cryptocurrency exchanges, is now the subject of investigations by authorities for "The company had filed for bankruptcy earlier this month, while cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection onBitfront said it has suspended new sign-ups and credit card payments as of Nov. 28, and will suspend withdrawals on March 31, 2023. The company clarified that interest for deposits made between Dec. 5 and Dec.

Source: News Formal (newsformal.com)

 

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A company dealing in unregulated 'money' shut down? Consider me shocked.........

Lol

AngelShaquille

Wtf is Bitfront? If you were using this bs you deserve to lose your money. I’ll stick to and Coinbase 🤷🏾‍♂️ crypto

Crypto Massacre

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