Hoo, a small Hong Kong based cryptocurrency exchange, has halted withdrawals


Coindesk article Link to Hoo’s blog

Hoo is a small exchange (#99 by volume on CoinMarketCap) but also one of the exchanges that complies with enough banking related regulations to allow fiat to flow in and out of the broader crypto market. (Though the fact that it complies with enough regulations to have a bank account makes me suspect it is also less likely to fake the volume numbers on CMC, so #99 might be an understatement.)

Unclear if they’ll be settling trades (Bitcoin, Ethereum, whatever) with other exchanges while customer withdrawals are locked.

submitted by /u/thenextsymbol
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