Juno, the bank and custody service for cryptocurrencies, has encouraged users to withdraw cryptocurrencies from the platform as payment partner Wyre may be about to shut down.
Juno is a social media post he recently shared. in your postfunds from customers from the platform demanded that they withdraw. The reason for this request is that Wyre, which they work with for the fund custody process, bad financial situation shown.
Following this statement by Juno, the amount of crypto assets held on the platform $1.25 million fell down. However, it was stated that Juno has started working with a new fund custodian. This new institution information yet not shared.
Juno CEO and co-founder, who made a detailed statement on the subject Varun Deshpandesuggested that Wyre may be closed completely in the coming weeks and continued his statement with the following statements:
As a platform, Juno does not store crypto assets and relies on our crypto partner for these services. Due to the uncertainty with our crypto partner, we have taken preventive measures for the benefit of our customers. We’re changing custodians because we see the risk of potential problems and want to avoid given Wyre’s shrinkage or shutdown.
Crypto payment service provider Wyre two former employees your company coming soon liquidation will be had reported.