Phoenixcoin can be traded on Xeggex now
PXC/BTCPXC/ETHPXC/USDT
C-Patex exit scam?
Dear users
We regret to inform you that C-Patex has temporarily closed.
During these four years we have faced all kinds of difficulties and we did the impossible to move forward.
But almost at the end of our first year, in September 2018, we suffered a hack that took 80% of the assets, about 3 BTC + altcoins worth 1 more BTC. We refuse to give up. We put up money and tried to move on.
In mid-2019, another much smaller hack delayed the recovery that we had been having. Additionally, there was a tremendous crisis of confidence in altcoin exchanges from closures like Cryptopia, Coinexchange, Altilly, and more than 150 other exchanges. Altcoin markets slowed noticeably.
We constantly try to improve our security, while we continue to look for solutions and funds to be able to continue building this project as we had dreamed of. The budget was low, because we needed to recover solvency, and the marketing expenses were turned to grant rewards to try to maintain the site with a certain volume that guarantees its continuity.
Unfortunately, in January of this year, our CEO fell ill with Covid and was on the verge of death, hospitalized in intensive care, with an artificial respirator in an induced coma. In this context, the site went down for several days, affecting user confidence, and causing a panic withdrawal of deposits during the following days.
Our CEO is not yet fully recovered, he is weak, he has to undergo numerous studies and treatments for after-effects and that prevents him from managing and driving actions that could improve the situation at this time.
So we are going to stop the site until March 11th.
If users willing to invest appear, with concrete proposals, willing to take risks with us to get this project off the ground, before March 11, then we will reopen the site. We assume that by then our CEO will also be able to work.
We are open to offer remaining PATS or help to list a new token to potential investors. We need at least 1 BTC to make the platform operative again.
If March 11 has not changed the situation. Unfortunately, we will have to start a liquidation process, firstly returning funds to verified users with identity documents, and secondly trying to identify the rest of the anonymous users.
The team of C-Patex
C-Patex UPDATE:
They are going to turn the exchange back on in early March, but I wonder how long this time.