Crypto trading platform Hotbit has announced it is suspending its mention trading feature

According to BlockBeats, on August 10, crypto trading platform Hotbit announced that it has suspended the feature of mentioning transactions. The exact time of restoration is not yet confirmed. In April, former Hotbit executives were involved in a project last year that law enforcement now considers a criminal violation. Several senior Hotbit executives have been subpoenaed by law enforcement authorities since late July and are assisting in the investigation. In addition, law enforcement froze some of Hotbit's funds, preventing it from functioning properly. Hotbit said all users' assets are safe on Hotbit and normal service will resume as soon as the assets are unfrozen. Hotbit is working diligently to continue to cooperate and follow up with law enforcement authorities on the progress of the investigation and will make its findings public as soon as possible.