Just shows why we would want more regulation on exchanges. I still can't believe the founder of the exchange could pull off something this big, no wonder he did an exit escape
Yeah, I have a bad feeling and was thinking it was just an exit scam. Good to hear the investigations are revealing the truth now. But, how can they compensate the losses? The founder Cotten was dead. There are deposited funds to an unknown wallet. And there are rumors that they just fake his death to exit from this nightmare.
Look at this.
Quote from: Coingeek
Of the $100 million that was originally “missing” when the exchange shut down, EY has only been able to locate $32 million so far, Jeffries concludes. They haven’t given up trying to find the rest, but considering the story so far, there’s a very good chance its gone.