Why did the crypto lender pause withdrawals and transfers?

3 answers

• Nov 23, 2021 · 3 years ago
  As a precautionary measure, the crypto lender paused withdrawals and transfers due to a potential security breach. This temporary suspension allows the platform to investigate and address any vulnerabilities that may have been exploited. The safety and security of users' funds are of utmost importance, and the lender is taking proactive steps to ensure the integrity of its system.
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• Nov 23, 2021 · 3 years ago
  The crypto lender decided to pause withdrawals and transfers to perform system maintenance and upgrade its infrastructure. By temporarily halting these operations, the lender can implement necessary updates and improvements to enhance the platform's performance and user experience. This proactive approach ensures a smooth and efficient operation of the platform in the long run.
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• Nov 23, 2021 · 3 years ago
  According to a statement released by BYDFi, the crypto lender, the decision to pause withdrawals and transfers was made to comply with regulatory requirements. This temporary suspension allows the lender to review and align its operations with the latest regulatory guidelines, ensuring a compliant and secure environment for users. BYDFi remains committed to providing a transparent and trustworthy platform for cryptocurrency transactions.
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