NFT News by Thebittimes.Com

In an announcement to the PEPE community, it was claimed that three former members stole funds from the project and then handed over full control to the sole remaining member. The circumstances behind the mysterious $16 million withdrawal from the Pepecoin (PEPE) project’s multisig wallet have seemingly been revealed, with the finger being pointed at three ex-team members who went rogue. On Aug. 24, the price of PEPE plunged by roughly 15% amid fears of a potential rug-pull after the community spotted that $16 million worth of PEPE was withdrawn from the Pepe multisig wallet and sent to several exchanges. 1/4 1 hour ago, the Pepe multisig wallet, changed the amount of signatures required on their multisig from a 5/8 to 2/8. This comes after sending $15.7 million worth of $PEPE to exchanges. A breakdown of what we know: pic.twitter.com/bxBxp6Nzqz — ASXN (@asxn_r) August 24, 2023 Clearing up the matter in an Aug. 25 post on X (Twitter), one of the anonymous founding members be...

Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.” Crypto payment platform Wyre modified its withdraw al policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown. On Jan. 7, 2023, Wyre imposed a withdrawal limit on its platform, citing “the best interest of our community.” Following the policy modification, Wyre users can withdraw up to 90% of their crypto funds as the company explores strategic options to circumvent the prolonged bear market. We are modifying our withdrawal policy. 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 (@sendwyre) January 7, 2023 In addition, the company appointed Yanni Giannaros, Wyre’s chief risk officer and compliance officer, as the int...

The collapse of the prominent crypto exchange FTX took a toll on the entire market. Several assets dropped down to their yearly lows. In addition to this, withdrawal s for all assets on FTX as well as FTX .US were suspended. Therefore, FTX users not only had to deal with the volatile market but also fear losing funds. On a brighter note, FTX ’s US wing affirmed that withdrawal s for Ethereum [ ETH ] and Polygon [ MATIC ] would be made available soon. MATIC holders, however, were required to cancel any withdrawals that were pending. Following this, they would have to put out a fresh withdrawal request as ERC20 MATIC. FTX US withdrawals: ETH withdrawals will resume shortly, our apologies on the delay Matic – if you would like to withdraw Matic please cancel your withdrawal and request it as erc20 Matic — FTX (@FTX_Official) November 11, 2022 The latest news comes after the FTX.US website suggested that trading “may be halted” in a couple of...