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    Diksha D Jadhav in Crypto News

    09-Jan-2023 12:44 PM


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    Wyre imposes up to a 90% withdrawal limit for all users

    Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets, just days after two former employees allegedly hinted at the possibility of a shutdown.
    On Jan. 7, Wyre imposed a withdrawal limit on its platform, citing “the best interest of our community.”
    While customers will continue to be able to withdraw their funds, at this time, we are limiting withdrawals to no more than 90% of the funds currently in each customer account, subject to current daily limits. —
    Wyre users will be subject to changes in daily withdrawal limits as the platform entails new operational strategies.
    On Jan. 5, MetaMask announced the removal of Wyre from its mobile aggregator, which allows users to buy cryptocurrencies directly from the digital wallet.
    Source: Cointelegraph