Nubank Temporarily Suspends Cryptocurrency Deposits and Withdrawals
The digital bank has halted external transfers of virtual assets and is working to restore services for users.
Nubank has temporarily stopped incoming and outgoing transfers of digital assets on its platform. The financial institution shared the notice with customers through its official app this Friday.
The company operates a service called NuCripto to offer trading for assets such as bitcoin, ethereum, solana, XRP, and the USDC stablecoin. The terms of use for the feature state that the bank acts as an intermediary for the custody and management of digital wallets.
So far, the institution has not detailed the technical reasons behind the operational halt. The internal statement only reinforces that internal teams are working to restore normal functions as quickly as possible.
The digital asset market has recently seen several cybersecurity incidents across various global platforms. Such events often increase investor caution regarding the custody of coins in centralized environments.
The interruption in custody and transfer services for digital assets may heighten the perception of operational risk for investors who use centralized platforms to manage their cryptocurrency portfolios.
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