BTCEX, which is a very active cryptocurrency exchange with its Twitter meetings, started to end its transactions as of yesterday. The sudden move of the stock market is followed by fraudulent allegations.
BTCEX announces closure and refund process
BTCEX, which is among the largest centralized exchanges by trading volume according to CMC data, officially started the closing process as of June 21. The exchange is currently not accepting new users. Existing users must withdraw all their funds from the exchange by 19 July.
The official announcement said, “We are deeply saddened to say goodbye. However, we are committed to a fair refund process. Thank you for your trust and support.”
Twitter’s @akincnr said that there are other reasons behind such sudden closing moves of exchanges. In a long tweet, where he shared screenshots yesterday, he summarized the dark side of the platforms as follows:
This has happened to a friend of mine before, with an older brother I know. These scammers are making a lot of money to destroy a very serious home. They act like a stock market. You can actually deposit, you can actually trade inside. Until you want to withdraw the money. When you want to withdraw the money, they say you have to pay 10% tax first, then they make it up for third party reasons etc. They try to make you pay as you pay to withdraw the money. Finally, they say deposit 30% of your money so that you can withdraw all your money. They have also developed words that put these on a legal basis, for example, your money looks like illegal money, etc.
cryptocoin.com As BTCEX, we have mentioned several events where BTCEX met with different teams on Twitter.
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