-: FOLLOW US :- @theinsaneapp
Wyre announced that customers wouldn't be allowed to withdraw more than 90% of their funds.
-: FOLLOW US :- @theinsaneapp
This is based on the current daily withdrawal limit.
-: FOLLOW US :- @theinsaneapp
It stated that customers would be able to withdraw funds at any time.
-: FOLLOW US :- @theinsaneapp
"We are restricting withdrawals to no greater than 90% of funds currently in customer accounts, subject to daily limitations."
-: FOLLOW US :- @theinsaneapp
Any withdrawal request exceeding this limit will be rejected.
-: FOLLOW US :- @theinsaneapp
The company also announced changes in its management structure.
-: FOLLOW US :- @theinsaneapp
Stephen Cheng, a former Chief Risk and Compliance Officer, was named interim CEO.
-: FOLLOW US :- @theinsaneapp
In the meantime, Ioannis Gianna, who was previously CEO, will assume the role of executive chair.