Crypto exchange Hotbit suspends trading and withdrawals amid criminal investigation into former employee

Quick Take

  • Crypto exchange Hotbit has suspended trading, deposits and withdrawals, amid an investigation into a former employee in a project alleged of violating criminal laws.
  • The company said in a blog post that it and other employees did not have knowledge about, and were not involved in the project in question. 

Crypto exchange Hotbit has announced a suspension of trading, deposit, withdrawal and funding functions as of 10 a.m. ET on Wednesday.