ChainCatcher news, the crypto payment company Wyre tweeted that the company is gradually shutting down. "We made this decision due to market conditions to protect the best interests of our primary stakeholders and customers. This decision is not due to any regulatory agency's directive." If users have assets on the Wyre platform, they can withdraw the relevant assets by July 14, after which there will be a separate process to recover the remaining assets on the platform.ChainCatcher previous news, the crypto payment company Wyre announced in January that it had secured emergency funding to continue normal operations. (source link)

ChainCatcher news, the crypto payment company Wyre tweeted that it has secured emergency funding from a strategic partner, allowing it to continue normal operations, resume accepting deposits, and immediately lift 90% of the withdrawal limit.According to previous reports from ChainCatcher, the crypto payment company Wyre announced last week that it was changing its withdrawal rules. At this stage, customers can still withdraw their funds, but the withdrawal limit is set to 90% of each customer's account balance, and customers must adhere to the current daily limit rules. (source link)

ChainCatcher news, cryptocurrency payment provider Wyre announced that it will limit customers to withdraw no more than 90% of the current funds held in each account. "We are modifying our withdrawal policy. While customers will still be able to withdraw, at this time, we will limit withdrawals to no more than 90% of the current funds in each customer account, and comply with the current daily limits."It is reported that this new rule applies to all customers using its services, meaning that any withdrawal requests exceeding this limit will be denied. Previously, Wyre CEO Yanni Giannaros resigned, and Chief Risk and Compliance Officer Stephen Cheng was appointed as interim CEO. Some employees claimed that the company would undergo liquidation and plans to terminate services by the end of this month, but Wyre stated that its operations will continue. (Cryptoslate)

ChainCatcher message, MetaMask's official Twitter stated, "Wyre has been removed from our mobile aggregator, please do not use Wyre. We are currently working to remove the extension, thank you for your patience. Apple Pay, credit cards, and bank transfers are still available through Transak, MoonPay, and Sardine (U.S. only)."Previously, Axios reported that the crypto payment provider Wyre is allegedly shutting down. A former employee cited an email from Wyre CEO Ioannis Giannaros stating that the company would be liquidating and terminating services as soon as possible this month. Another former employee mentioned that the company did not provide any severance pay. However, Giannaros responded to Axios that the company is still operating and plans to downsize soon. (source link)

ChainCatcher news, according to CoinDesk, crypto bank Juno has advised its customers to either self-custody their digital assets or sell them for cash, as Juno is currently working to transfer customer funds to a new custodian. Juno's CEO and co-founder Varun Deshpande explained that the decision was made as Juno's current custodian partner Wyre is preparing to wind down its operations in the coming weeks.Deshpande stated, "We are changing custodians because we expect Wyre may have issues as they might scale down." It is reported that the Juno team has already begun working with a new custodian, and the transfer of customer funds from Wyre to the new custodian is expected to be completed in the coming weeks.ChainCatcher reported yesterday that crypto payment provider Wyre is allegedly shutting down, as Wyre informed employees during layoffs that the company would be liquidating and plans to terminate services by the end of this month. (source link)

ChainCatcher news, according to Axios, the crypto payment provider Wyre is reportedly shutting down. A former employee cited an email from Wyre CEO Ioannis Giannaros stating that the company will liquidate and terminate services as soon as possible this month. Another former employee mentioned that the company did not provide any severance pay. However, Giannaros responded to Axios that the company is still operating and plans to downsize in the near future.ChainCatcher previously reported that in December 2022, Wyre, the exchange service provider for hardware wallet Ledger, was suspected of "arbitrarily" freezing user funds, with users reporting that funds exchanged on the Wyre platform went missing without explanation. (source link)

According to ChainCatcher news, 0xSea.eth, a core contributor of NextDAO, stated that the exchange service providers Changelly and Wyre for the hardware wallet Ledger are suspected of "unjustly" freezing user funds. Previously, users had reported that funds exchanged on the Wyre platform were lost without reason. Now, another user has experienced a similar situation while using Changelly, where Changelly froze over $3 million of a user's funds for more than a month, citing the need for KYC, and the issue remains unresolved. In fact, Changelly promotes that no registration is required and funds are credited in real-time.As of the time of publication, Ledger Support responded that they are in contact with the Changelly team and are looking for a quick resolution to this issue. (source link)

Chain Catcher news, due to investors' cautious attitude towards its business model and the valuation after the stock market crash, the one-click payment company Bolt's plan to acquire the cryptocurrency payment provider Wyre for $1.5 billion has been declared a failure, and both parties will continue to cooperate while remaining independent.Previously, Chain Catcher reported on April 7 that the financial payment company Bolt Financial was acquiring the cryptocurrency payment service company Wyre Payments for approximately $1.5 billion. According to research firm Dealogic, this would make it the largest merger deal in the cryptocurrency sector not involving a special purpose acquisition company (SPAC). (Source link)