California financial regulators suspend the license of the cryptocurrency lending platform Salt for 30 days

ChainCatcher News, the California Department of Financial Protection and Innovation (DFPI) will suspend the license of the cryptocurrency lending platform Salt for 30 days, pending the department's investigation into Salt's recent announcement to restrict its platform activities (including pausing customer withdrawals).

ChainCatcher reported yesterday that the cryptocurrency lending platform Salt Lending sent an email to its customers stating that, due to the impact of the FTX collapse, it is suspending deposits and withdrawals on its platform, but did not specify the extent of its risk exposure. (Source link)