MetaMask asked its users to be patient while they deal with the extension removal and requested them not to use Wyre on the mobile aggregator.
On January 7th, 2023, Wyre, a digital payment platform, decided to limit their customers to withdraw up to 90% of their crypto funds, claiming it was in the best interest of their community.
Yanni Giannaros, Wyre’s chief risk officer and compliance officer, was named the interim CEO. The firm may revise their daily withdrawal limit as they explore new operational tactics.
These modifications followed claims of the company’s potential closure, which led to their partnership with crypto wallet MetaMask being terminated. On January 5th, MetaMask announced the removal of Wyre from their mobile aggregator service, which allowed users to buy cryptocurrencies directly from their digital wallet. They also asked their customers to be patient while they removed the extension.