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Hong Kong crypto platforms suspend client withdrawals as turmoil deepens

News Snapshot:

A trio of Hong Kong cryptocurrency platforms have suspended client withdrawals on the back of a global sell-off that has plunged the digital currency sector into turmoil. On Sunday, crypto trading exchange Hoo.com announced it was stopping all transactions after being hit by a heavy volume of redemption requests, just days following the collapse of Singapore-based crypto hedge fund Three Arrows Capital.

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