Tags: Wyre

Billion Dollar Crypto Payments Firm Wyre to Shut Down Amid Market Conditions

Today in Crypto: IMF Will ‘Pursue Relentlessly‘ CBDC Development, France Supports Global DeFi Rules, Crypto.com Operating Internal Proprietary Trading & Market-Making Teams, Wyre Set to Shut Down

Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets.

SpankChain was forced to close its crypto payment processor after the hunt for a new adult-industry-friendly service provider yielded no results.

Just five days after it imposed them, Wyre has removed all limits on account withdrawals.

Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.”

Juno recommended users pull their funds from the platform amid "uncertainty" over the fate of its crypto custody provider Wyre.

Juno‘s current custodian, Wyre, will liquidate in January.