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Regulatory Pressure and Operational Challenges: Huobi Faces Penalties, Hotbit Suspends Operations

Regulatory Pressure and Operational Challenges: Huobi Faces Penalties, Hotbit Suspends Operations

In an unexpected turn of events in the crypto industry, two cryptocurrency exchanges - Huobi Global and Hotbit - face substantial roadblocks.

Hotbit Suspends Trading, Withdrawals amid Criminal Investigation

Hotbit Suspends Trading, Withdrawals amid Criminal Investigation

Crypto exchange Hotbit announced it had suspended all financial and trading services as part of the capital was frozen by watchdogs that a former employer was involved in a criminal case that is under investigation.

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