Explained: Why are crypto platforms suspending withdrawals and what are its implications? - The Indian Express

In the blog post written by Vauld CEO Darshan Bathija — a BITS Pilani alumnus — the company said it has frozen its operations after users pulled nearly $200 million over the last three weeks that saw cryptocurrency prices plummeting.

Singapore-headquartered cryptocurrency lending and trading platform Vauld suspended withdrawals, trading and deposits Monday because of volatile market conditions and financial difficulties, the comp… [+4059 chars]

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