Bitfront, a United States&nbsp;cryptocurrency exchange sponsored by Japanese social media company Line Corp, announced it has ceased new sign-ups and credit card payments and would shut down operations in a few months, reported Reuters.&nbsp;The California-based firm stated in a post on its website on Sunday that "despite our efforts ... we have regretfully determined that we need to shut down BITFRONT in order to continue growing the LINE blockchain ecosystem and LINK token economy."&nbsp;

Bitfront claimed the action had nothing to do with current disputes involving certain cryptocurrency exchanges that have been accused of "misconduct".

Authorities are currently looking into FTX, one of the biggest bitcoin exchanges in the world, for "criminal misconduct".&nbsp;

Also Read:<a href="https://www.wionews.com/world/eu-to-set-up-tribunal-backed-by-un-to-investigate-possible-russian-war-crimes-in-ukraine-538797">&nbsp;EU to set up tribunal backed by UN to investigate possible Russian war crimes in Ukraine</a>

The company had declared bankruptcy earlier this month, and on Monday, cryptocurrency lender BlockFi, which had been adversely affected by exposure to FTX's demise, filed for Chapter 11 bankruptcy protection.&nbsp;

According to Bitfront, withdrawals will stop on March 31, 2023, after new sign-ups and credit card payments were stopped as of November 28. The business made it clear that interest payments for deposits made between December 5 and December 11 will be made on December 13, 2022.

(With inputs from agencies)

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Bitfront, a United States cryptocurrency exchange sponsored by Japanese social media company Line Corp, announced it has ceased new sign-ups and credit card payments and would shut down operations in a few months, reported Reuters.

Bitfront, a United States cryptocurrency exchange sponsored by Japanese social media company Line Corp, announced it has ceased new sign-ups and credit card payments and would shut down operations in a few months, reported Reuters. The California-based firm stated in a post on its website on Sunday that "despite our efforts ... we have regretfully determined that we need to shut down BITFRONT in order to continue growing the LINE blockchain ecosystem and LINK token economy." Bitfront claimed the action had nothing to do with current disputes involving certain cryptocurrency exchanges that have been accused of "misconduct". Authorities are currently looking into FTX, one of the biggest bitcoin exchanges in the world, for "criminal misconduct". Also Read: EU to set up tribunal backed by UN to investigate possible Russian war crimes in Ukraine The company had declared bankruptcy earlier this month, and on Monday, cryptocurrency lender BlockFi, which had been adversely affected by exposure to FTX's demise, filed for Chapter 11 bankruptcy protection. According to Bitfront, withdrawals will stop on March 31, 2023, after new sign-ups and credit card payments were stopped as of November 28. The business made it clear that interest payments for deposits made between December 5 and December 11 will be made on December 13, 2022. (With inputs from agencies)

Bitfront, a US crypto exchange backed by Japanese firm, shuts down

Filmmaker duo Joe and Anthony Russo’s production banner AGBO will produce a new Prime Video series, detailing the rise and fall of the cryptocurrency platform FTX.

According to the entertainment news website The Hollywood Reporter, the show will be penned by David Weil, who had earlier created Hunters for the streaming service.

The Russos, known for many Marvel blockbusters such as Captain America: Civil War and two Avengers films, are expected to direct the first episode.

The brothers were in the news earlier this year for their Netflix action thriller film The Gray Man, starring Ryan Gosling, Chris Evans, Ana de Armas and Dhanush.&nbsp;

FTX was founded by Sam Bankman-Fried in 2019 and it quickly became one of the biggest crypto exchanges on the market.

Also read:&nbsp;<a href="https://www.wionews.com/entertainment/chinese-canadian-singer-kris-wu-sentenced-to-13-years-in-prison-for-raping-minor-537402">Chinese-Canadian singer Kris Wu sentenced to 13 years for sex crimes</a>

However, a series of revelations in the last one month led to devastating losses at FTX and its related trading firm Alameda Research, with FTX eventually filing for Chapter 11 bankruptcy protection and a group of investors suing the company and several celebrity endorsers for fraud.

The Russos are currently awaiting the release of their much-anticipated spy series Citadel, starring Priyanka Chopra Jonas and Richard Madden. The show will debut on Prime Video.&nbsp;

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Filmmaker duo Joe and Anthony Russo’s production banner AGBO will produce a new Prime Video series, detailing the rise and fall of the cryptocurrency platform FTX.

Filmmaker duo Joe and Anthony Russo’s production banner AGBO will produce a new Prime Video series, detailing the rise and fall of the cryptocurrency platform FTX. According to the entertainment news website The Hollywood Reporter, the show will be penned by David Weil, who had earlier created Hunters for the streaming service. The Russos, known for many Marvel blockbusters such as Captain America: Civil War and two Avengers films, are expected to direct the first episode. The brothers were in the news earlier this year for their Netflix action thriller film The Gray Man, starring Ryan Gosling, Chris Evans, Ana de Armas and Dhanush. FTX was founded by Sam Bankman-Fried in 2019 and it quickly became one of the biggest crypto exchanges on the market. Also read: Chinese-Canadian singer Kris Wu sentenced to 13 years for sex crimes However, a series of revelations in the last one month led to devastating losses at FTX and its related trading firm Alameda Research, with FTX eventually filing for Chapter 11 bankruptcy protection and a group of investors suing the company and several celebrity endorsers for fraud. The Russos are currently awaiting the release of their much-anticipated spy series Citadel, starring Priyanka Chopra Jonas and Richard Madden. The show will debut on Prime Video. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Joe, Anthony Russo and David Reil team up for new series on cryptocurrency firm FTX

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Bitfront, a US crypto exchange backed by Japanese firm, shuts down

Joe, Anthony Russo and David Reil team up for new series on cryptocurrency firm FTX