Belgian cryptocurrency lending platform Bit4You will suspend services

ChainCatcher news, according to Reuters, Belgian cryptocurrency lending platform Bit4You announced that it will suspend services after one of its main service providers, CoinLoan, was declared bankrupt by an Estonian court on April 24.

According to the statement, CoinLoan holds a significant proportion of Bit4You's customer assets, approximately 85.66% of XRP, about 81.45% of BTC, and 67.32% of ETH. Bit4You stated, "So far, there are no signs that our customers cannot recover the virtual currencies held by CoinLoan." (source link)