Is Hotbit banned?

Excuse me, could you please clarify if there's any truth to the rumors that Hotbit, the cryptocurrency exchange platform, has been banned? I've been hearing conflicting reports and I'm quite concerned about the status of my investments on the platform. Could you provide me with some reliable information on this matter? I'd appreciate any insights you may have on the current regulatory landscape and any potential implications for users of Hotbit. Thank you in advance for your assistance.