IDAX exchange CEO 'disappeared' with access to cold wallet
During the last week, the network began to receive messages about problems with the withdrawal of funds on the cryptocurrency exchange IDAX. As it turned out, most of them were confirmed.
Yesterday morning, the company published an "urgent notice", in which it reported that the CEO of the site "disappeared", and accordingly, access to the cold wallet, which contains almost all the crypto currency, is lost. Because of this, the process of Deposit and withdrawal of funds had to be suspended.
Six months ago, IDAX announced itself as the "first centralized platform" that introduced Binance Chain into the cryptocurrency world by listing tokens of the BEP2 standard. According to sources, the exchange is based in Shanghai, although Mongolia appears in its Twitter account.
Representatives of the exchange promised to understand the situation, but for now they advise not to use the services of the company, and also report that they know about the spread of various news and rumors on the Internet. Analyst the Block Larry Cermak suggested that the founder of the exchange could be arrested in Shanghai.
Earlier, IDAX announced the withdrawal from the US and Canada markets due to regulatory restrictions, and five days ago the exchange stopped providing services to Chinese users due to "political motives", noting that in other jurisdictions the platform operates normally.
Shortly before that, the company reported that withdrawal problems are associated with a sharp increase in the number of requests. According to the resource CoinMarketCap, before the problems IDAX was in the top 15 in terms of adjusted trading volume.
