Wyre platform closes | bitcoinlinux.com
Wyre Crypto Payment Platform announced about the closure. Currently, the firm has already begun the process of shutting down operations, and has also indicated that it is ready to sell assets.
The blockchain company has been on the market for about 10 years, and has experienced more than one bear market. However, Wyre cited bear market financial concerns as the reason for the shutdown. The firm also noted that pressure from regulators had no effect on the decision.
On June 16, the crypto platform published a message on its Twitter announcing the adoption of such a decision.
“After nearly a decade, Wyre is winding down. Due to market conditions, we have made this decision to protect the interests of our key stakeholders and customers. This decision is not conditional on the designation of any regulatory authority. Wyre continues to protect client assets”
Wyre also said that customers can still withdraw their funds through the Wyre dashboard until July 14th. After that, a special procedure for the recovery of assets that remained on the platform will begin. Full details of this process will be posted on the company’s website. In addition, the Wyre team informs about the start of the sale of their assets.
At the beginning of 2023, information already appeared that the platform was shutting down and laying off employees.
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