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Zipmex announced the update in a Wednesday tweet, saying withdrawals would be paused “until further notice.”
Zipmex Pauses Customer Withdrawals
Zipmex has become the latest cryptocurrency firm to resort to drastic measures to deal with the market downturn.
The southeastern firm announced Wednesday that it had halted customer withdrawals due to market volatility and other factors. A tweet from the company’s official account read:
“Due to a combination of circumstances beyond our control including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice.”
This story is breaking and will be updated as further details emerge.