Fiat-to-crypto on-ramp solution provider Juno has urged its users to sell or self-custody the crypto on its platform citing “uncertainty” with its crypto custodian partner Wyre., the platform explained it that it doesn't hold any of its customer's crypto, and relies on its “crypto partner” for those services.
2/ Juno as a platform doesn’t custody crypto assets & relies on our crypto partner for these services. In the email seen by Axios, Giannaros said the firm was “still operating” but would be “scaling back to plan our next steps." Other safeguards employed by Juno for users include temporarily disabling crypto buying on its platform and converting stablecoins to U.S. dollars into users’ government-insured accounts “which are FDIC Insured up to $250,000 via our partner bank.”
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