Users of the Chinese IDAX exchange cannot withdraw funds due to the disappearance of the head of the platform. They can’t contact the exchange manager for 5 days, as reported on the IDAX website.
IDAX Director disappeared with user money
The team of the Chinese platform cannot communicate with the leader within 5 days. For this reason, access to the cold wallet was lost, where almost all the remaining cryptocurrencies are saved. IDAX clients also cannot withdraw funds.
Chinese sources suggest that the manager escaped by taking user funds. Representatives of the exchange do not comment on any reasons for the director general’s action, but they report that they are trying to find out the details of the incident. Withdraw money did not work already on November 24, according to the latest cryptocurrency news.
According to CoinMarketCap, over the past 24 hours IDAX has serviced transactions with BTC worth about $500 million.
Interesting in the section: Why altcoin exchanges stop working: dates, reasons, withdrawals
- Over the past few months, altcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details exchanges have closed. The reason was the low activity of traders who went to competitors.
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