Crypto Exchange Hotbit Says ‘Deteriorating Conditions' Forced It to Stop Operations  

China-headquartered cryptocurrency exchange, Hotbit, said on May 22 it had made the decision to halt “all cex operations.” The crypto exchange pointed to the “continuous outflows of funds from cex [centralized exchange] users” as one of the many factors that forced Hotbit to stop operations.

https://news.bitcoin.com/crypto-exchange-hotbit-says-deteriorating-conditions-forced-it-to-stop-operations/