TechFlow news — Cryptocurrency lending platform CoinLoan announced that, due to the impact of issues at Celsius, Voyager, BlockFi, and Three Arrows Capital, withdrawals from its platform have surged. To ensure smooth operations going forward, it has introduced temporary measures to reduce withdrawal limits per account in order to balance cash flows and prevent liquidity-related disruptions.
The temporary restriction applies to the total daily withdrawal amount per account: each user can withdraw up to $5,000 every 24 hours.
Previously, the platform's daily withdrawal limit was $500,000. CoinLoan stated it will lift these measures once market conditions allow, and affirmed that user assets are secure.
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