The crypto platform advises users to withdraw funds for custody problems

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The cryptocurrency company - Juno - advised its users to withdraw their assets and to keep them in self -paid bearches or to sell their stocks for “uncertainty” with their partner for cash.

The company plans to solve the problems by finding a new employee.

a warning of the storm?

In a recently published Twitter thread, Juno revealed that his custody partner had certain problems. Therefore, the company temporarily stopped buying cryptocurrencies on its platform and converted the stable coins - USDC, USDT, MusDC - automatically to USD.

It also encouraged customers to withdraw their possessions and to transfer them to self -disassembled wallets as a protective measure. The company added that customers could sell their stock for Fiat if they did not want to rely on Wallets not kept.

2/ juno as a platform does not keep crypto-assets and relies on our crypto partner for these services.

Due to uncertainties with our crypto partner, we acted preventively in the interests of our customers.

- juno (@junofinancehq) 4. January 2023

juno has increased the daily payment limits for cryptocurrencies for all “metal users” by five times in order to cope with the potential increase of transactions, and assures that all banking and card-related services continue to work.

The evaluation of the crypto-assets stored on the platform has shrunk to $ 1.25 million after the company shared its recommendation with customers.

"We actively contact customers and ask you to keep yourself," said Juno.

The organization endeavors to restore the entire company as soon as possible and seeks cooperation with a new custody partner. It also promised to stay on his crypto course and continue to "build and send" as always.

crash from Juno in recent months

The price of the native tokens of the platform - Juno - developed quite well in the first quarter of 2022 and reached an all -time high of over $ 45 in March. However, the intensified bear market took on its role, and the asset started a dive.

he lost almost 90 % of his USD rating within two months and continued his downward trend until the end of last year.

The disturbing news about the company's custody partner and the deactivated crypto purchases have also had a negative impact on Juno, which is currently being traded at around $ 1.13 (a decrease of 97 % compared to the highest level).

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