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The U.S. crypto asset market maker and liquidity provider BlockFills has suspended customer deposit and withdrawal services, primarily due to the recent sharp decline in the prices of cryptocurrencies like Bitcoin and significant market volatility.
This has raised concerns among some in the crypto community, with some recalling the past FTX incident, but there is currently no official confirmation of insolvency or a crisis; it is merely a temporary measure.
So far, no other major market makers (such as Wintermute, GSR, Cumberland, etc.) or large exchanges have announced similar withdrawal suspensions; most withdrawal pauses are due to network upgrades or maintenance for specific tokens.
It is advised to follow BlockFills' official channels or reliable news sources, exercise caution, and avoid being influenced by FUD. The market is highly volatile, and risks are borne by the individual.
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