Summary: Hobit users were told to withdraw all assets from the crypto exchange by Wednesday, June 21 before 4 PM UTC. The platform will shutter all centralized exchange or CEX operations today May 22 by 4 PM UTC amid declining exchange trading activity and months after a criminal investigation into a former Hotbit manager. Hotbit also cited stifled cash flow due to a U.S. banking crisis and the after-effects of FTX’s crash last November as reasons for its decisions. Amid