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Hong Kong crypto platforms freeze accounts as turmoil deepens

Digital currency markets in free fall after key unit's collapse sparked sell-off is one of three Hong Kong cryptocurrency platforms that have suspended client transactions amid severe turmoil in digital asset markets. (Nikkei screen shot)

HONG KONG -- 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 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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