Wyre, a cryptocurrency payment platform, recently made changes to its withdrawal policy and appointed Yanni Giannaros as interim CEO.

These changes were made in response to rumors that Wyre may be closing down and in order to assist customers during the prolonged bear market.

The company has imposed a 90% cap on customer withdrawals, while also altering daily withdrawal restrictions.

In addition, Wyre’s partnership with cryptocurrency wallet MetaMask has ended, with MetaMask asking users to avoid using Wyre on its mobile aggregator while it disables the relevant extension.