Crypto Exchange Admits ‘Missing’ CEO Has User Funds Access Amid Exit Scam Fears

Oh boy, it’s been a pretty lousy week for crypto exchanges; first Upbit reveals a $50 million hack, and now it turns out that IDAX might be in trouble as well.

These past few weeks haven’t been kind to IDAX. An ongoing crusade against the exchange has been forming. Angry users citing worsening withdrawal issues have continued to demand a response. On November 24, they finally got one.

Now thanks to the pressure placed by its scorned investors, IDAX has finally admitted the alleged truth. The CEO is gone and with access to the exchange’s cold wallets. IDAX conveyed news of Guorong’s disappearance via an “urgent announcement”:


Share this: