Anyone who trades on C-Cex is going for an arbitrage trap, or just hasn't googled the name. Every single comment on Facebook (plus the lack of activity there)... is crying out "C-Cex stole my crypto/money"...aka this is a scam exchange.
https://www.facebook.com/ccexcom/It is a mar on cryptospace's open source open market mentality... if you trade there is isn't even 'trade at own risk' it is... you are volunteering to be robbed. Because it will happen.
Either your shit won't turn up.... or it will never arrive when you send it off. Like my Burst coin.
They are trying to scare people into selling cheap... most of the time... not sending withdrawal e-mails, or blocking withdrawals. Being dodgy in general. Putting wallets in maintenance at key times.
Couple of years back c-cex, had the exchange taken a few key decisions - it would have been among the top exchanges of the world today ! But sigh ..... Anyways, I hope for the users that they are treated fairly and complaints are resolved.
You know I had that feeling about C-Cex, he is actually losing money by scamming people and coin teams like pie-coin... etc all the scams.. because the amount of revenue in this market that could have been made by just running a reliable exchange would 10fold any amount he can scrape together through scamming everyone.
I felt.. why be content making money scamming people? when you could just run a decent exchange, be good to people and make much more in return for yourself, start a decent company.. etc.. not become more and more negligent and at risk of being head-hunted by authorities... or anon.
Anyway I wanted to ask you finch.... do you know what the break over xmas was about? For some reason I thought C-Cex had insider info that XVG would moon.. so they held everyones XVG to sell at peak 2000/4000 sat or what ever it was... then buy them back cheaper when it tanked to 600 then give them back? But as you say it seems he isn't that smart... and they just closed because they felt like a 3 week holiday during the busiest time in crypto... to date (january etc).
What was the 'we are on holiday so we have disabled withdrawals' all about?
Also the right to steal people's accounts if they post the same question twice for an unanswered ticket?
What I don't get is... why are they playing all these dodgy games? Is it just for the fun of fucking with people, like why waste the time... doing all these under handed tactics, when you could just flat out rob people. I know in the background hardly anyones crypto is actually onsite... so if a few people try to withdraw at once you will be delayed.. because he is playing with everyones stuff in the background as his own, putting them at risk.
Interesting point... how I got scammed... I saw XVG cheaper than else where... so I bought it, then immediately tried to withdraw. Confirmation emails all failed... I made a ticket... they kept making up excuses I knew were fake because I know crypto. Then I got a warning that looked like it was cobbled together "to soon withdrawal" or something" -- popup after clicking confirm email. So as soon as I bought it I couldn't withdraw and the price dropped whilst elsewhere in crypto space it was going up 10x.
But the interesting part is in all my tickets I was very polite... and last time (there was some thing where your balance vanishes when you get a failed confirmation email)... they recovered my balance.. it was double the XVG I had... some kind of double XVG error from fucking around with blocking people's withdrawals... I told them in a ticket in bug reports category.. and they didn't seem concerned AT ALL... that XVG had a massive glitch doubling balance but said something about checking my ticket is in the right category.. because I mentioned trying to withdraw in it. (I can post logs if anyone cares, my memory isn't great this is a rough idea of what happened)
(My balance reverted to normal after I pushed for them to fix their shit, but I could have just sold it all. I felt they were baiting me too... then instead of them being the villain they could claim I was, for 'abusing an exploit' or some bs. I had a sense they wanted me to try trade it.) Then they went on a freaking holiday and used that as the excuse why withdrawals were inoperable. I think they flat out stole everyones XVG.
I got the feeling... no real XVG was on site... and their system wasn't representing blockchain at all.. just arbitrary numbers floating around... and they didn't care my balance read 2x my XVG... even if it was tradeable.. because it is fake anyway. SO basically if you get to withdraw some crypto from the hot-wallet, consider yourself lucky... in the minority on most coins.
But on the other hand.. if they are as hopeless as you say... maybe they did 'lose' all the xvg by being terrible at running wallets... and from custom code implemented to fuck with people trying to withdraw from the arbitrage trap.
It is easy to speculate when there is a huge void of evidence on the contrary... that C-Cex isn't a scam.. and needs to be shut down.. but is safer to keep running so atleast some people get their crypto back.