IDAX: Uh, oh! We’re in trouble!

[cheezcarls]

Following almost a week of rumors and missing withdrawals, the cryptocurrency exchange IDAX Global has made an announcement. It appears its CEO has gone missing — forcing the company to restrict access to its cold storage solution.

The news from IDAX comes just days after the exchange suddenly announced its withdrawal from the Chinese market entirely. Citing “policy reasons,” a statement on November 25 explained that the company would no longer provide its services to China. Although not explicit, the sudden announcement seems almost certainly linked with recent news of a further clampdown on digital currency trading venues by the Chinese government. BeInCrypto first reported on shutdowns in the Chinese cryptocurrency industry earlier this week.

Read the full news here

I feel sorry for those who are trading in IDAX exchange. Now their reputation seems to be getting worse now, as the CEO is already missing and the cold storage has restricted access.

This isn’t good for IDAX users. I’ve used them once only, but good thing I didn’t continue using them again.

[mnixxo.crypto]

I read about this. Fortunately I have never traded at this exchange. And Yes, their reputation is at the zero point.

[OptimusPrime]

Before now, there was issues surrounding idax ieo already. I stopped using idax after the ieo saga came up, I can't deal with exchange that are not trustworthy

[LogiC]

I read about this. Fortunately I have never traded at this exchange. And Yes, their reputation is at the zero point.

To be honest, Im using IDAX before and there is no issues like this one. Unfortunately I think the issue were started due to the lack of funds following the rumors of their CEO fleeing. I remember there is an IEO called cryptomarketads that spread news about their scamming of funds of their raised amount. From there, I stop already trusting this exchange which I think a good move now their flagged with scam. 

[Bobcrypto]

I also intended to sell my air drop token on Idax exchange but unfortunately i have not received the rewards may be because the company already got the information of the missing CEO and quickly made a announced all trading on the Probit exchange as their next trading platform .