How right was I, luckily I got almost all my funds out already. They say they reopen on 6 March, that will certainly not last very long. So mark the date and try to recover what could still be salvaged.
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.
Some wallets need to be restored and synced, and solvency issues from past hacks have become acute and need to be resolved. All these tasks carried out by our CEO, who is still recovering from the consequences of the disease and hospitalization.
So we are going to stop the site until March 6th.
Thanks to the invaluable help of some communities and individuals, the possibility of closure has been ruled out. The aid ranges from donations to commitments to reinforce deposits and operations. Everything adds up and everything helps. You can also help and with your contribution, no matter how small, we will strengthen the site so that it can be reborn with more force. Thank you very much in advance!
The team of C-Patex