The Singapore-based cryptocurrency platform Juno announced that all services are “now up and running again.”
It increased daily withdrawal limits at the beginning of the year and urged customers to transfer their holdings into self-custody wallets, citing issues with its previous custodian partner – Wyre.
Back on Track
Juno temporarily halted cryptocurrency purchases on its platform in early January and auto-converted the stablecoins – USDC, USDT, mUSDC – to USD. It also disclosed problems with its previous custodian – Wyre, encouraging clients to withdraw their assets or transfer them into cold wallets.
In a recent announcement, the platform said the “constant support” from its new partner Zero Hash brought operations back to normal. Co-Founder and CEO Varun Deshpande said:
“We are delighted to restart our crypto services in record time with Zero Hash. With Crypto 2.0, we will focus on offering better platform reliability, more coin diversity, and better crypto prices. Given the events of 2022, we are committed to building a secure and compliant on and off-ramp product for the long-term growth of the industry.”
Zero Hash’s CEO – Edward Woodford – described Juno as a “well-intentioned” company and highlighted their mutual efforts to resume services after just three weeks.
