Txbit Crypto Exchange Shuts Down, Burns Tokens, and Withdraws Funds by Sept 14!

The post Txbit Crypto Exchange Shuts Down, Burns Tokens, and Withdraws Funds by Sept 14! appeared first on Coinpedia Fintech News

Cryptocurrency exchange Txbit has announced its closure and has requested that all its customers withdraw funds before September 14. Txbit, which primarily traded POW coins, stated that it will burn the uncirculated supply of its token in the coming days. The news has also sparked concerns among customers who have traded other tokens on the platform, including KAS. Txbit has advised its users to withdraw funds as soon as possible to avoid any inconvenience. The reason behind the sudden closure of the exchange remains unclear.