After 11 Years in Business, LocalBitcoins is Shutting Down | CoinMarketCap

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cryptonews: LocalBitcoins has announced that it's shutting up shop after more than 10 years in business.

A statement said the business had been unable to survive "the very cold crypto winter," meaning its trading service would soon be terminated.

But it had also become a prime destination for crypto stolen through hacks and scams — and back in 2019, CipherTrace said 12% of the BTC that LocalBitcoins received had criminal ties.

 

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