Crypto platform Wyre has removed restrictions on withdrawals

Cryptocurrency payment platform Wyre has announced that it has secured additional funding that will allow it to keep the company open and continue operating as normal. The platform has secured funding from a strategic partner that will allow it to continue its operations as normal. With this, Wyre has lifted the 90% withdrawal limit it set last week. “We are pleased to announce that we have managed to withstand the pressure and will continue to provide our services in a safe and secure manner without suspending withdrawals,” the post reads. Last week there was a rumor that Wyre would cease operations – this was hinted at by former employees of the company.. To this, the head of the platform, Ioannis Giannaros, replied that Wyre is still working, but is looking for ways to reduce the scale of its activities.. The company was spurred on by a lack of funding and a failed acquisition deal with Bolt in September. Shortly thereafter, on January 8, Wyre set withdrawal limits at 90% to prevent customers from leaving the platform entirely.. Now, the company has announced that it is removing all limits and resuming deposits, as it received funding from an unnamed partner. Earlier, the limit on withdrawal of funds without identity verification was set by the Singaporean cryptocurrency exchange Bybit.. Recall that the exchange has become one of those who refused to block users from Russia.