Exchange update:
***ALERT*** Coinex.pw will be shutting down permanently on May 6th 2014 at 12:00 am.
All coins have been stolen. We are sorry. For more information go to https://bitcointalk.org/index.php?topic=265277.2560
:end quote
Hope you guys and gals out there realize what this system was created for. I do not trust any exchange. I use them to trade coins. Once I'm done. I immediately put it back in my wallet. And with UTC, that only takes about 3-5 minutes on cryptsy. And that is because crypsty is slowing down the true speed of the coin.
Middle men are no longer needed to hold your stash. That is one of the main reasons behind the creation of the coin.
I hope none of you are stuck with money in Coinex
Good luck all of you!!
I used them months ago when I had some earthcoin and some other random coin. They were pretty snappy, seemed to be a decent exchange. They didn't have 2-factor at the time which also concerns me a bit. I haven't read the thread yet, but sad to see yet another one go and more people taken for their money. We need some professional cyber security firms behind these exchanges from now on because this is getting ridiculous.
edit: Well, it seems the guy spreading the FUD about them being shutdown was just a hack with a similar username to one of the mods. Having said, that, they last 3 weeks worth of posts were all about how the site was broken and no one is able to withdrawal anything besides litecoin and how the owner hasn't been online in two weeks.
The post about them being stolen was fake, but the news itself might not have been. Even if it's not true, Coinex has some serious issues now and I wouldn't use it for any purpose at this point.