Chinese Crypto News Site ChainNews Shuts Down

The space for crypto media in China is shrinking.

Nov 26, 2021 at 9:52 a.m. UTC
Updated Nov 29, 2021 at 4:59 p.m. UTC

ChainNews, one of China’s top crypto news sites, shuttered its operations today, co-founder Feng Liu told CoinDesk in a Twitter message.

  • Earlier Friday the co-founder announced the closure in his personal WeChat moments, according to a screenshot obtained by CoinDesk.
  • On Nov. 15, ChainNews said its website would be down for maintenance for a few hours, but that the team would continue posting news on its Telegram channel and Twitter account. The news site has gone silent in both platforms since Nov. 25.
  • The closure follows China’s Sept. 24 statement that it would step up censorship of crypto news sites along with its escalated crackdown on trading and mining.
  • Liu refused to comment further on the closure.

DISCLOSURE

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Eliza Gkritsi is a CoinDesk news reporter based in Asia.