Bitfront, the crypto exchange owned by Japanese social giant LINE, announced that it will close.
Currently, Bitfront has suspended new signups and credit card payments, and deposit and interest payments of the interest products will be suspended on December 12th. Interest for deposits made from December 5th, 2022 to December 11th, 2022 will be paid on December 13th, as well as the forced withdrawals of all deposits and interest of LN/LN interest products will be made. Crypto and USD deposits, trade, and cancellation of open orders will be suspended on December 30th. Users can withdraw assets until 13:00 UTC on March 31st, 2023.