BITFRONT, the crypto exchange based out of Palo Alto, California, has announced that it will cease all operations towards the end of the year. The exchange was initially launched as BITBOX in Singapore back in 2018, before rebranding and moving its headquarters to the United States in 2020.
- BITFRONT to initiate full closure in March 2023
BITFRONT has clarified that interest for deposits made between 5 December 2022 and 11 December 2022 will be paid out on 12 December. That day will also see the forced withdrawals of all deposits and interest of LN and LN interest products.
All withdrawals will be suspended by 31 March 2023, and all personal information collected from the exchange’s clients will be deleted within the following 40 days.
(by Suzuki Shillsalot)
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