Crypto Exchange Hotbit Suspends Deposit, Withdrawal and Trading Functions

Crypto Exchange Hotbit announced it will suspend trading, deposit, withdrawal and funding functions, the exact time of resumption cannot be determined at the moment. The reason is that a former Hotbit management employee who left Hotbit in April this year was involved in a project last year(which was against Hotbit's internal principles and of which Hotbit was unknown) that law enforcement authorities now think is suspected of violating criminal laws. So, a number of Hotbit senior managers have been subpoenaed by law enforcement since the end of July and are assisting in the investigation. Furthermore, law enforcement has frozen some funds of Hotbit, which has prevented Hotbit from running normally. Hotbit will resume normal service as soon as the assets are unfrozen. All user's assets and data on Hotbit are secure and correct.