Inlock encounters a situation that requires the temporary suspension of certain services on the platform until it is resolved. The platform holds 100% of the client’s assets and collateral, but a failure in the liquidation process has made a small part of the client’s assets unavailable to the platform. As of today, an “emergency shutdown” process will be activated, which includes the complete isolation of the occurring damage. The process will be terminated as soon as we are able to resolve the dispute through mediation, legal action, or other means.

The Inlock team is confident and determined to find a solution for the current situation. In the spirit of transparency, it will be implemented fully with the involvement of customers, thereby distancing ourselves from the high-risk activities that essentially caused most of the damage events in the crypto market in the past six months. We ask for the patience of our customers to manage the situation to the best of our ability. Our customers have made a long-term commitment to Inlock and have remained with us even after the extremely negative crypto market events, we will continue to strive to earn this trust.

Please read the complete announcement to understand how this decision is affect our customer funds under this situation:  https://inlock.io/2022/11/14/suspend/