LINE-founded cryptocurrency exchange BITFRONT announces closure

1 year ago

BITFRONT, the cryptocurrency speech founded by LINE — 1 of the largest societal media successful Asia — announced its closure.

As of March 31, 2023, the withdrawal of cryptocurrencies held connected the level volition beryllium halted, and each idiosyncratic idiosyncratic accusation collected by the steadfast volition beryllium deleted wrong 40 days.

In a notice published Nov. 28, the BITFRONT squad explained that contempt efforts to “overcome the challenges successful this rapidly-evolving industry,” the steadfast has decided to shutdown BITFRONT.

“We person regretfully determined that we request to unopen down BITFRONT successful bid to proceed increasing the LINE blockchain ecosystem and LINK token economy.”

The steadfast noted that the determination was “made for the champion involvement of the LINE blockchain ecosystem” and was not related to caller issues regarding “certain exchanges that person been accused of misconduct.”

As of Nov. 28 astatine 05:00 UTC, BITFRONT suspended each caller signups and recognition paper payments.

The station LINE-founded cryptocurrency speech BITFRONT announces closure appeared archetypal connected CryptoSlate.

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