Bitfront, a US-based crypto exchange, has suspended new sign-ups and credit card payments and closed down operations . The development comes as a result of the bankruptcy of a handful of crypto companies .
California (US), November 29: Bitfront, a US-based crypto exchange, has suspended new sign-ups and credit card payments and closed down operations.However, despite our attempts to tackle the challenges in this fast-evolving industry, we have regretfully decided that we need to shut down BITFRONT in order to continue growing the LINE blockchain ecosystem and the LINK token economy, according to a statement published on its website on Monday.On Monday, we would extend our gratitude and apologies to those who used our BITFRONT services and contributed to the success of BITFRONT, according to the statement.Bitfront declared that new sign-ups and credit card payments would be suspended beginning March 31, 2023.This development comes as a result of the bankruptcy of a handful of crypto companies.FTX, which was one of the world's largest cryptocurrency exchanges, declared bankruptcy earlier this month.