Topic: Is this a scam attempt? Or Nothing to panic? - page 4. (Read 799 times)
People should start considering decentralized exchanges, all these so called centralized exchange might just decide to go home one day, the only cex i trust is binance and huobi because they are big and their team are serious about their reputation
Its nothing but a scam attempt, idax have no good record especially with past IEO projects, they steal from them and forced them to use their exchange, CMA Team stand up against them but idax win the battle
This is really a pity. IDAX has been warned for a long time about their withdraw and dep service, but many people still trust it and depict lots of coins there. I know someone who lost 52 bitcoins and 34 ETH in his wallet at IDAX. nearly 500k $ lost after 1 night. Therefore, this is a warning for holders who are overly confident in exchanges, especially small exchanges. We should have a cold wallet to store coins, never trust anyone. We should still hold more fiat.
Earlier this morning, I read from whatsapp group how IDAX CEO, has suddenly gone missing.
If you doubt this, read full story on IDAX blog here http://idax.zendesk.com/hc/en-us/articles/360037327571-Urgent-announcement-about-current-situation-of-IDAX-Global
As I speak, cold wallet in which all crypto assets of users, investors etc are kept in custody is inacessible. Perhaps, if anyone should have veto access to it, would be the CEO basically. Withdrawal is blocked and users are stranded.
I also use IDAX but lucky was on my side two weeks ago when I pulled out my $200 worth of Ether to AtomicWallet.
A friend said it is more like I'm a prophet. Hahaha, I am not one either but I was skeptical of being at the mercy of exchanges when I was Introduced to AtomicWallet. Immediately, I head for atomicwallet.io and downloaded on my PC. AtomicWallet is a non-custodian wallet where your private key remains with you giving you the full control you desire over your funds.
I can't actually afford cold wallet so a decentralized wallet was the best option for me. Meanwhile I could have used 75% of the fund to get a cold wallet but for the flexibility in moving funds, and some cool features of atomic wallet not available on cold wallet. I'll start to use the latter when I need to store up to 100BTC for lengthy period
In my opinion, I think IDAX is attempting a scam exit. We all know how cunning they can be when they're ready to ooze off. Different strategies they use. And now, even if the CEO shows up, users will flee the exchange as they will lose confidence and trust for it. And that would be the beginning of the dead end of IDAX. So, I'll advise that you start using non-custodian waller.
Maybe IDAX exchange look become scam exchange market and have to worried fro every one keep save their assets on IDAX exchange market, I think when holding coin for long term keep choose best and good reputation market and for saving altcoin or bitcoin balance. If you doubt this, read full story on IDAX blog here http://idax.zendesk.com/hc/en-us/articles/360037327571-Urgent-announcement-about-current-situation-of-IDAX-Global
As I speak, cold wallet in which all crypto assets of users, investors etc are kept in custody is inacessible. Perhaps, if anyone should have veto access to it, would be the CEO basically. Withdrawal is blocked and users are stranded.
I also use IDAX but lucky was on my side two weeks ago when I pulled out my $200 worth of Ether to AtomicWallet.
A friend said it is more like I'm a prophet. Hahaha, I am not one either but I was skeptical of being at the mercy of exchanges when I was Introduced to AtomicWallet. Immediately, I head for atomicwallet.io and downloaded on my PC. AtomicWallet is a non-custodian wallet where your private key remains with you giving you the full control you desire over your funds.
I can't actually afford cold wallet so a decentralized wallet was the best option for me. Meanwhile I could have used 75% of the fund to get a cold wallet but for the flexibility in moving funds, and some cool features of atomic wallet not available on cold wallet. I'll start to use the latter when I need to store up to 100BTC for lengthy period
In my opinion, I think IDAX is attempting a scam exit. We all know how cunning they can be when they're ready to ooze off. Different strategies they use. And now, even if the CEO shows up, users will flee the exchange as they will lose confidence and trust for it. And that would be the beginning of the dead end of IDAX. So, I'll advise that you start using non-custodian waller.
This incident was already designed by them. If the IDAX CEO suddenly disappears and closes his services, of course he really intends to take the assets owned by members who make deposits to IDAX, this must be thoroughly investigated.
If they come to make an announcement like that it is true that the CEO of Idax ran away. And I agree, for this case it is better to conduct an investigation now than it would be difficult to investigate if left too long. Maybe Idax's CEO has been discouraged by the current situation, especially the exchange is losing competitiveness, so he chose to run away and take user money.
This incident was already designed by them. If the IDAX CEO suddenly disappears and closes his services, of course he really intends to take the assets owned by members who make deposits to IDAX, this must be thoroughly investigated.
Upbit also experienced the same possibility, but the difference is Upbit hacked by hackers and took 324k ETH, but the upbit will replace it completely. Is this a classic drama that is revived to make the market worse?
Upbit also experienced the same possibility, but the difference is Upbit hacked by hackers and took 324k ETH, but the upbit will replace it completely. Is this a classic drama that is revived to make the market worse?
is the wallet still frozen and cannot be accessed until now? if so, it must be an asset theft. but if it's finally accessible, it's under development. then is there any prior notification before the freeze occurs? this is unfortunate.
I really do not believe in IDAX from the first they appeared. I use IDAX only to dump coins or tokens that I get from airdrop or bounty. The rest I have never deposited funds there. With the presence of news like this, I am fully convinced that it is an exit scam.
Every year there must be news like this, whether the CEO runs away, the exchange is hacked, or whatever the reason. If this happens continuously, crypto images in the eyes of the world will get worse.
Every year there must be news like this, whether the CEO runs away, the exchange is hacked, or whatever the reason. If this happens continuously, crypto images in the eyes of the world will get worse.
This is so saddening because a lot of people really have funds there in. A friend has over 400$ on the exchange. What is the possible way out of this? None one knows which exchange is the next to exit scam. One just needs to be careful of these exchanges.
Always get away from an exchange that looks fishy just like this so called IDAX. I just can't understand people how they always approach these kind of exchange after so many cases of exit scam in the past. if it is because that exchange is the only one that provide market for your coin that makes sense but otherwise using such exchange to deal some matter that can be dealth through a more reliable exchange that are on top 5 is just simply not understandable. 
I wonder if we're going to see the CEO ended up dead in India. Sounds familiar?
Remember QuadrigaCX? - https://beincrypto.com/quadrigacx-saga-human-tragedy-or-yet-another-exit-scam/
As this point since he has the control of the keys then I would assume that he exited scam already. And being the CEO at least you just don't go disappear in the thin air right? What would be the logical reason to just go vanished with the control of the funds?
Remember QuadrigaCX? - https://beincrypto.com/quadrigacx-saga-human-tragedy-or-yet-another-exit-scam/
As this point since he has the control of the keys then I would assume that he exited scam already. And being the CEO at least you just don't go disappear in the thin air right? What would be the logical reason to just go vanished with the control of the funds?
This is a horrible action that Chinese exchanges never meant good to look by in terms of crypto adoption. As I already read this https://bitcoinist.com/idax-exchange-whats-really-happening-to-withdrawals/
there is something we end up to a conclusion that this certain exchange is just a scam and can't be trusted anymore. We can't hear a response from CEO which means that he is guilty of this.
there is something we end up to a conclusion that this certain exchange is just a scam and can't be trusted anymore. We can't hear a response from CEO which means that he is guilty of this.
The situation is simple
The idax ceo has disappeared and the keys to the cold storage disappears too
Unless the ceo status is confirmed as not exit scam; there’s a lot of panic for coin hodlers
The idax ceo has disappeared and the keys to the cold storage disappears too
Unless the ceo status is confirmed as not exit scam; there’s a lot of panic for coin hodlers
read full story on IDAX blog here http://idax.zendesk.com/hc/en-us/articles/360037327571-Urgent-announcement-about-current-situation-of-IDAX-Global
I do not want to give any idea until the situation is clear, because there were also problems with idax recently, but it was solved. At that time everyone started to declare that idax was scam, but at the end they were ashamed.Therefore, we all suggest that you should not keep money in the exchange. No matter how much these events happen, there are still those who lost their money.
This incident is very dissapointing, which makes crypto looks bad in this world.
There are some rumors about the CEO;
1 run away
2 caught by china's government
3 strict china's regulation
4 the exchange lose
Those are may be a reason why CEO dissapears and make this news trending in cryptocurrency field
You are right, crypto is seen more and more days will be worse, not far away with the investment of existing investment everywhere and more who do not believe them about crypto. The new person does not know about it and will be increasingly difficult. We can't say it should be good at looking for a good project but if in reality, new players are struggling very little to believe about Crypto itself. Very in the show not if it will often happen in the future. Who else will continue to create the project in the future? Hopefully, there will be a solution to the problem of scammers that often arise. There are some rumors about the CEO;
1 run away
2 caught by china's government
3 strict china's regulation
4 the exchange lose
Those are may be a reason why CEO dissapears and make this news trending in cryptocurrency field
This is so saddening because a lot of people really have funds there in. A friend has over 400$ on the exchange. What is the possible way out of this? None one knows which exchange is the next to exit scam. One just needs to be careful of these exchanges.
This is a clear picture of exit scam nothing more nothing less to say on it. The CEO really planned all these and took off, but I think he will be caught; wonder what have him the mindset to do so. This is sending a wrong signal that most CEOs might think of this, nevertheless let's endeavour or implore the habit of storing assets off exchanges, because none is ever safe.
Earlier this morning, I read from whatsapp group how IDAX CEO, has suddenly gone missing.
If you doubt this, read full story on IDAX blog here http://idax.zendesk.com/hc/en-us/articles/360037327571-Urgent-announcement-about-current-situation-of-IDAX-Global
As I speak, cold wallet in which all crypto assets of users, investors etc are kept in custody is inacessible. Perhaps, if anyone should have veto access to it, would be the CEO basically. Withdrawal is blocked and users are stranded.
I also use IDAX but lucky was on my side two weeks ago when I pulled out my $200 worth of Ether to AtomicWallet.
A friend said it is more like I'm a prophet. Hahaha, I am not one either but I was skeptical of being at the mercy of exchanges when I was Introduced to AtomicWallet. Immediately, I head for atomicwallet.io and downloaded on my PC. AtomicWallet is a non-custodian wallet where your private key remains with you giving you the full control you desire over your funds.
I can't actually afford cold wallet so a decentralized wallet was the best option for me. Meanwhile I could have used 75% of the fund to get a cold wallet but for the flexibility in moving funds, and some cool features of atomic wallet not available on cold wallet. I'll start to use the latter when I need to store up to 100BTC for lengthy period
In my opinion, I think IDAX is attempting a scam exit. We all know how cunning they can be when they're ready to ooze off. Different strategies they use. And now, even if the CEO shows up, users will flee the exchange as they will lose confidence and trust for it. And that would be the beginning of the dead end of IDAX. So, I'll advise that you start using non-custodian waller.
Sad news. There is an important rule: don't store your assets on exchanges, even large exchanges were hack, not to mention new ones.If you doubt this, read full story on IDAX blog here http://idax.zendesk.com/hc/en-us/articles/360037327571-Urgent-announcement-about-current-situation-of-IDAX-Global
As I speak, cold wallet in which all crypto assets of users, investors etc are kept in custody is inacessible. Perhaps, if anyone should have veto access to it, would be the CEO basically. Withdrawal is blocked and users are stranded.
I also use IDAX but lucky was on my side two weeks ago when I pulled out my $200 worth of Ether to AtomicWallet.
A friend said it is more like I'm a prophet. Hahaha, I am not one either but I was skeptical of being at the mercy of exchanges when I was Introduced to AtomicWallet. Immediately, I head for atomicwallet.io and downloaded on my PC. AtomicWallet is a non-custodian wallet where your private key remains with you giving you the full control you desire over your funds.
I can't actually afford cold wallet so a decentralized wallet was the best option for me. Meanwhile I could have used 75% of the fund to get a cold wallet but for the flexibility in moving funds, and some cool features of atomic wallet not available on cold wallet. I'll start to use the latter when I need to store up to 100BTC for lengthy period
In my opinion, I think IDAX is attempting a scam exit. We all know how cunning they can be when they're ready to ooze off. Different strategies they use. And now, even if the CEO shows up, users will flee the exchange as they will lose confidence and trust for it. And that would be the beginning of the dead end of IDAX. So, I'll advise that you start using non-custodian waller.
As for the Atomic wallet , I would advise you to be more careful. I participated in the bounty at the beginning of the project,
many complained that assets were lost on the Atomic wallet. Perhaps these were flaws and problems at the initial stage of its testing.
The facts and figures are clear, what else to call it other than exit scam. No I call it well perfected scam, making away with the cold wallet keys is really a big blow to users and an embarrassment to the whole crypto space. I think it's high time, these CEOs stop having complete access to the cold wallet so that in cases like this, there can be a way out. Let the law enforcement get hold of him and charge him appropriately.
What else can it be called? Someone calling it an exit scam won't be mistaken; how can a CEO make away with the cold wallet details where all funds are stored, it simply means he has taken hold of the savings and disappeared. Also, how sure are we the other team aren't involved. All these unfriendly behaviours and fraudulent acts keeps confirming the fact that storing funds on exchanges, in fact centralized exchanges is a bad idea. Also heard about upbit getting hacked now the CEO of Idax, the best way to secure ourselves is to keep all funds out of exchanges.
I think it has been confirmed thay the CEO has make away with the private keys ti the cold wallets of the exchange. It's becoming increasingly alarming the rate at which exchnages are scamming the cryptocurrency community. Is there no way to bring these criminal to book and have them answer for their crimes?
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