9 Companies That Hoarded Customers’ Money as Crypto Crashed

On July 4th, there was no hope of a reprieve from the collapse of the digital currency. The daily total withdrawal limit was reduced from $500,000 to $5,000. The limit referred to as, "provisional" was claimed to still meet its users' needs. Adding to the uncertainty, CoinLoan didn't give an end date for the withdrawal limits, instead saying they would be lifted once the market situation allows it. It's great.

On Independence Day, Singapore-based lender and exchange startup Vauld revealed that it was forced to suspend all withdrawals, trading, and deposits. The news, which came seven bullet points down in a Monday post, comes as the firm says it is facing a combination of uncomfortable circumstances including, "financial difficulties of our key business partners," market volatility, and an overall run on the banks' type situation.