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Headline : LocalMonero and AgoraDesk Shut Down: Users Urged to Reclaim Funds

Read more from the original article on here at ng.investing.com.





Tags : #localmonero #agoradesk #shut #down #users #urged #reclaim #funds


No. of Paragraph 12

In a recent revelation, the team behind the peer-to-peer trading platforms LocalMonero and AgoraDesk announced the firms’ closure. As per the official notice, the platforms are being shut down due to a “combination of internal and external factors.”

The team declared that the platforms will stop facilitating the trade of the privacy-focused Monero token on May 14. In addition, both platforms have disabled new signups and advertisements on Monero.

AgoraDesk took to X on May 8 to announce the firm’s “difficult decision to close our [their] platform.” The X post stated, “The winding-down process begins today and finishes six months from now.”

The post added that the platforms would be closed after 6 months, exactly on November 7, 2024, urging users to reclaim their funds prior to the date. The platforms added that the funds that aren’t withdrawn will be considered abandoned or fortified.

Read more from the original article on here at ng.investing.com.


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