You're too late, it's has been discussed 1-2 months ago if I'm not mistaken 
Not 1-2 months ago. LocalBitcoins announced their closure on February first week. They announced that their service will close on 16 February 2023. The fact is, they were still releasing new features til January 2023. At least this makes me think the decision did not take long. The company decided to close its platform within a short time. According to them, The trading volume in LocalBitcoins has been declining for a long time, and there is no significant market demand for their service. No company will run a business that is not profitable anymore. So, they had to take this decision. Trading volume is one of the major ways to check and maintain liquidities and another operational cost, and any business that has low volume will have a high chance of liquidation, so anyone that has a balance on local bitcoin should have withdrawn them by now since the announced closure of the exchange stipulate the durations of time that withdrawal will be open.