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account freeze
An **account freeze** is a temporary restriction placed on a financial or investment account that prevents the account holder from accessing funds or conducting transactions. This can occur for several reasons, such as suspected fraudulent activity, legal action, regulatory requirements, or failure to meet certain account conditions. During the freeze, deposits may still be allowed, but withdrawals, transfers, or other transactions are typically blocked until the issue is resolved.
Russians Face Account Freezes on Bybit EU and Revolut Amid New EU Sanctions
Russian citizens are reporting account freezes and restrictions on Bybit EU and Revolut following the European Union’s latest sanctions package targeting crypto operations. The measures affect users based on citizenship...
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