Crypto.com is the latest on the list of cryptocurrency exchanges that have decided to "temporarily" block any USD deposits and withdrawals through Silvergate Exchange Network (SEN), the former revealed in a statement given to Watcher.Guru.
"Funds transferred via Silvergate will be rejected during this time. Other deposit and withdrawal methods remain available and working as usual. All customer funds are safe and available. We proactively communicated this change to current Silvergate users," Crypto.com said. In the meantime, the company instructed its users to search for other deposit methods.
Previously, Bitstamp joined Coinbase in its decision to suspend withdrawals via Silvergate, as the latter has been under inspection after failing to submit its annual report for the 10-K report for the 2022 fiscal year on time.
