Investor funds of the crypto exchange Chatex were frozen

Cryptocurrency exchanger Chatex announced a temporary suspension of financial transactions within the platform due to the investigation carried out by US departments in relation to the company and the sanctions imposed against it.

One of the employees of the US Treasury said that Chatex is an alter ego of the previously sanctioned crypto exchanger Suex, whose activities were associated with transfers of illegally obtained funds. Consequently, few people were surprised by the fact that after the decision regarding Suex, Chatex immediately fell under the “gun” of US government agencies.

Chatex said one of the company's early contributors was facing legal action from the US Department. Since the claims made against him also apply to the cryptocurrency exchanger and all the services in which he invested, the Chatex management was forced to temporarily freeze all operations.

In addition, due to sanctions from the US Treasury Department, the previously planned token sale of the CHTX exchange's own cryptocurrency has also been canceled. According to an official statement on the Chatex website, such a move proved to be difficult, but the only rational solution in the current situation.

At the same time, investors' funds, according to the customer support service, remain intact. However, due to the ban on the transfer of assets until further clarification of the circumstances and details of the legal process, users will not be able to withdraw their funds.

The exchange support team also announced that they are already working on options for restoring clients' access to their money. But, at the same time, he cannot yet provide any specifics regarding the timing.

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