Marketo, one of the leading cryptocurrency exchange marketplaces, has announced that it will be shutting down for good this coming Tuesday.
Marketo’s CEO and CEO, Jorge Guzman, announced the shutdown in a post on his blog on Thursday.
Marketos website, which was founded in 2014, will be closed down with immediate effect.
“As we’ve said from the beginning, we have decided to shut down Marketo for the time being, to better ensure our security and to improve the overall user experience,” Guzman wrote.
“The decision was made in the best interest of the company, its customers, our partners, and all of the stakeholders that rely on Marketo.”
The decision to close Marketo was made “in order to improve security for our users and our platform,” Guiness said.
“Marketo’s core functionality has been at risk for many years.
Marketers have been warned and the company is fully cooperating with authorities.
This is a precautionary measure that will allow us to take a more measured and focused approach to our work and make sure our users’ financial information is protected.”
The move to shut Marketo comes on the heels of several major breaches at the popular cryptocurrency exchange.
On Monday, two of the three largest exchange platforms, Coinbase and Bitfinex, reported major security breaches that led to the loss of $4 billion in bitcoin and ether.
Last week, Bitfinext was hacked in an attack that resulted in the theft of more than $2.5 billion in the cryptocurrency market.
On Friday, an attack on another cryptocurrency exchange, Poloniex, caused the exchange to shut its doors for a brief period of time.