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Crypto Trading Platform Hotbit Suspends Withdrawals

The Hotbit crypto exchange has suspended trading, deposit, withdrawal, and funding functions until further notice.

The exchange said that a former employee had worked on an unauthorized project that is now suspected of being involved in criminal activity. User assets are safe, the company confirmed in a tweet.

Hotbit is not the first crypto company in recent months to halt withdrawals. Crypto lender Celsius halted withdrawals in June and has now filed for bankruptcy.

Embattled Asian crypto exchange Zipmex announced earlier this month that it would pause transfers between its Z Wallet and its Trade wallets, citing market instability. It resumed withdrawals for some altcoins, such as Solana on Aug. 2, 2022, XRP on Aug. 4, 2022, and ADA on Aug. 9, 2022. Zipmex had exposure to Celsius and Babel Finance.

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About RoboFi

RoboFi ( is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

About VICS

VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.

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