Users warned to pull funds immediately as EU sanctions force crypto platform into withdrawal-only mode

EU sanctions have forced a crypto platform into withdrawal‑only mode, and users have been urged to pull funds immediately. Reports indicate deposits and trading were suspended while withdrawals remain available, creating immediate access and liquidity constraints for affected customers. For Bitcoin, this raises short‑term risks of increased on‑chain withdrawals and potential selling pressure as users move assets off‑platform, while reinforcing demand for self‑custody and decentralized venues and highlighting regulatory tail risks for centralized intermediaries.