PANews reported on January 8 that crypto payment provider Wyre announced a rule change that will limit customers to withdraw no more than 90% of the funds currently held in each account. "We are revising our withdrawal policy. While customers will continue to be able to withdraw, at this time, we will limit withdrawals to no more than 90% of the current funds in each customer account and comply with the current daily limit," it said on Twitter.
This new rule applies to all customers who use its services, meaning that any withdrawal request exceeding this limit will be rejected. According to PANews, Wyre has laid off employees, and some employees said the company will be liquidated and intends to terminate its services this month, but Wyre said its operations will continue.