Palo Alto-based crypto exchange Bitfront to shut down in early 2023


Bitfront, a crypto exchange based out of Palo Alto, will cease all operations in a few months, officials recently announced on the exchange's website.

Bitfront — which is backed by Japanese social media firm Line Corp. — suspended new signups ad credit card payments Monday, with plans to suspend additional deposits and interest payments on Dec. 12. In its online announcement, Bitfront requested that users withdraw all of their assets by March 31.

Bitfront officials attributed the need to shut…

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