TechFlow news — cryptocurrency exchange Txbit announced it will cease operations on September 14, 2023. All users must withdraw their funds before 20:00 Beijing time on September 14. Any remaining funds after this date will be unrecoverable.
On August 14, the platform will go offline for approximately one hour. During this period, all open orders will be canceled and trading functionality will be disabled. Once this process is complete, the platform will return online and withdrawal services will resume.
The announcement stated that the remaining unissued supply of Txbit tokens will be burned in the coming days. A total of 1,510,406,151.2992582 Txbit tokens (= 95.6559% of the total supply) will be destroyed. Txbit tokens will remain tradable on Pancakeswap in the future.
