Topic: Bkex Locked Users off Their Money For 9 days and Counting.. - page 2. (Read 278 times)

If they're indeed telling the truth, I lean towards it's likely to get uglier specially after what went down with hotbit where even after investigation was done, they claim the assets were still frozen and they had to look for acquisitions or loans to pay back users. Ofc, this is assuming that hotbit was also telling the truth. If anyone hasn't heard, they claim to be in a similar situation: was investigated > froze their assets.

Open deposits are indeed unnecessary, makes sense that people are questioning their sincerity. Since all the information are coming from bkex, it's pretty understandable that people are on the fence as well.

There is something shady: why suspend withdrawals and don't lock deposits?
Also on they webpage there isn't any warning about: so they want people continue to deposits?  

This look like an exit scam. Hope i'm wrong....

Well, I felt it's more of a reputational issue, which is why I decided to make this post here, this no doubt will greatly or has already affected the reputation of the exchange, as I can see on coinmarketcap that the exchange is dropping in rank.
So, though this does have a relation with the service discussion board, I felt it is a case that has to do with reputation as well, but I will gladly move the thread to the service discussion board if so suggested by other users..

Edit: I decided to move it, thanks very much for the suggestion my friend.

I guess this thread would be more appropriate on a Services Discussion board.

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I just realized about this news suspended withdrawals, maybe there will be more panic if the user used this exchange before, with 9 days already passed without any clarity on his twitter what is it possible this exchange will come out in a smooth way?
That is the risk where holding assets on the exchange, will feel bitter when something goes wrong, I hope there will be better developments.

Bkex is one of the top cryptocurrency exchange in the Asian region, on the 29th of May, 2023, the exchange made an announcement of suspending all withdrawals from the platform due to an account being involved in money laundering and police investigating the case, they told their users that the investigation would last not more than 4 days, and withdrawal of funds will be opened again for every one, but unfortunately, today makes it 9 days and withdrawal is not yet opened, several of their users are already panicking..

Here is the full announcement..

https://bkex.zendesk.com/hc/en-us/articles/19022106904729

The major problem with this whole thing is that, withdrawal is suspended for every user of the exchange for the past 9 days and Counting, but deposit have remained opened for those who probably do not know what is going on with the exchange to continue to deposit funds in...

This is not a scam accusation, since I see they all their social media accounts are very active, their telegram group is still very much active with lots of users allowed to complain, Twitter is still there though the last tweet was 9 days ago..

This is a warning to every crypto holder/trader out there, do not deposit funds to Bkex for now,  simply avoid this exchange for the main time...

If at all they are being truthful about police investigating a money laundering case carried out on their platform, I pray they get it done with soon, and open withdrawals for users to freely withdraw their assets, we don't need another FTX scene again...