The problem with that is that we all know Ken is honest and that CryptoXChange has a flawless reputation.
I wouldn't say they have a flawless reputation. We don't all know that.
I've heard rumors that they had major litecoin solvency issues which they swept quietly under the rug, and that is why you can't trade litecoin anymore.
Another rumor I heard was that their registrations and compliance are overstated and that they don't have any financial service business registrations and they are effectively registered as a software company.
I don't know if either of those are true, could have just been trolls. Heard from anonymous internet strangers, so take that as you will.
Doesn't matter to me though, I've never liked their business style (excessive ads, "24-hour support" that isn't always available, gold coin pricing errors, etc.) . This thread just seals the deal.
I think this may be the end of CXC
It's a bit difficult to distinguish rumours from news on the internet but it's not very difficult to do a google search:
http://www.abr.business.gov.au/SearchByAbn.aspx?abn=12140244828http://www.search.asic.gov.au/cgi-bin/gns030c?juris=9&hdtext=ACN&srchsrc=1&acn=140244828http://whois.domaintools.com/bitcoinminingrigs.com.auThese sites confirm what is posted on the CryptoXchange website:
Australian Owned and Operated by Kenseycol PTY LTD,
Trading as “Crypto X Change”
64 McNamara Street Orange,
New South Wales 2800
Australia
Business Registration Information
So unless they pasted a random company's info, it looks legitimate.
In reference to liquidity, unless the exchange(s) used customer's fiat deposit for personal use, I fail to see how an exchange would become illiquid.