Hong Kong’s Hoo.com Expects to Re-Open Some Token Withdrawals Today; Finblox Takes Steps to Address Liquidity

In its Sunday post, Hoo.com cited market volatility and liquidations by large institutions in the crypto industry as creating panic among users and leading to a large number of withdrawal requests.Hoo.com

wrote. “In order to process a large number of users’ withdrawal assets, the withdrawal audit time may be delayed for 24-72 hours, after which the withdrawal will be resumed soon.” Hoo’s update comes as global crypto platforms deal with withdrawal requests amid market volatility and uncertainty around , which suffered heavy losses and is exploring options such as asset sales or a bailout by another firm.and paused rewards in light of uncertainty surrounding Three Arrows, which made a $3.6 million investment in Finblox last December.it is “actively pursuing all available options to address the liquidity situation that has arisen due to the recent developments around Three Arrows Capital and the market in general.

Finblox said it's in the process of consolidating all users’ funds to evaluate the impacts of the current environment. The company is “investigating and assessing a range of possible scenarios and the potential effects that these scenarios could have on the liquidity of our Users’ accounts.” This includes operations and withdrawal time resumptions.

Hoo_exchange finblox BabelFinance mikeybellusci I'd like to know if people there also use crypto exchanges like BFX

Hoo_exchange finblox BabelFinance mikeybellusci Crypto liquidity...you either have it, or suddenly you don’t. You have questions? Amparo and Co have solutions

Hoo_exchange finblox BabelFinance mikeybellusci Thanks so much fooooorrrr this gift SHlBx10_AIRDROP

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