Chinese police have launched an investigation into Feixiaohao, a major provider of data and news about crypto-assets, according to local media reports.
The company’s executives and team members have ceased all communication, raising concerns within the crypto community. Journalists claim that the arrests were carried out by the police, although no official confirmation from the authorities has been received yet.
The reasons for the investigation remain unclear, and so far, no specific charges have been brought against the Feixiaohao team, media representatives note. However, users of the platform are expressing concern about the potential impact this incident may have on access to data and analytics on crypto-assets in China.
The situation has attracted the attention of the international cryptocurrency community, as Feixiaohao was considered an important source of information for traders and investors in the region.
