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So here we go again, Many projects that seen to have a potentials and could urn into something big ing thw futures have turned into scam and even exchanges are following the trends. One of those projects that I thought it would compete with others big exchanges is BCNEX. Here is what happened, I logged in and traded all my balances including those I got from their bounty campaigns and asked for withdrawal( Jan 22,20200) and up until now my request is still pending. I have tried contacting their support and noone answered my email, I went to their telegram group but unfortunately it is deleted. With all these happening I don't think investors will have an appetite of investing in a project knowing that they could be scammed and don't be able to get their money back.

Indeed there is much speculation about the current BCNEX exchange and many also complain that their support is not good and even withdrawal is difficult to agree to even have to wait for days.
I do not know what happened with this exchange, even though their success should be a motivation for convenience to users, not really such an action. I don't like the BCNEX exchange to be inconclusive.

Here's for the thread offcial from BCNEX : https://bitcointalk.org/index.php?topic=5111223.0 , many of users already post their complaint about the withdrawal issue.

For a while they do a maintenance follow the thread according post : https://bitcointalk.org/index.php?topic=5218074.msg53636399#msg53636399

I see someone try request the withdrawal then takes 52h to received of assets. Here for the case : https://bitcointalk.org/index.php?topic=5212811.msg53697718#msg53697718

See the offcial twitter, many people had same problem with the withdrawal : https://twitter.com/bcnex_net/status/1220360671637864455

It's a scam. Only some people were able withdraw their money in the past but so many people are still getting pending. The withdraw will never happen until the hot wallet of this scam exchange site will be filled by another users who deposit their money. It's a scam exchange site and million dollars have already scammed.
No response, no group, no support and there is nothing to be used to contact the team.

At first it looked like it was going to be a good exchange, but after there maintenance, seem things just turned around, I really don't know what to even say, people who have made withdrawals over a week now are yet to receive, this is crazy, let's  see how the turn out of event would be.

I heard some people include my friend have problem when do withdraw his balance, maybe it is bigger. But me, withdraw BTC 0.008 and get it like 4 hours after i do my withdrawal. Maybe because i withdraw little amount only.

It's really sad to see how people lose their funds especially on an exchange that they have trusted to protect and secure their funds but in the end they just taken it for granted and fails to fulfill their promises. It will be too hard for them to start and trust again because of this incident, those defrauder manipulates people to get the benefits they wanted. They ruined their own reputation to scam people but again what can we expect? scammers nowadays will always look for an opportunity to deceive others especially those who doesn't have enough knowledge to keep their funds and assets safe.

this usually what happen to cheap exchange like this with minimal reputation, they tend to have problem whether it's inside job or a "real problem" and if the withdrawal pending that means they are lacking the funds which means people's money has gone to somewhere else, just stay away from any these kind of suspicious exchanges for real.

An exchange that has just come up newly is likely to have some challenges to face, part of which is trading and withdrawal of funds. BCNEX has not stayed for long and I do not think they will want to jeopardize their efforts, with whatever mount they are holding now. If they had the intention of scamming, I believe they will wait longer to attract more, because such is still possible, owing to the fact that people believed i them at the initial stage.

They have scammed, they kept giving out airdrop like water. I am glad they never approve my KYC on time and that made me to loss interest on the exchange. The team didn't look appealing to me.

Well, it would be a huge mistake by the team. Bcnex belongs among the biggest exchanges from Asia, it is the largest crypto exchange in Vietnam, they have enough money from ICO for development, so why they behave in this way.  ::)

Big money makes people greedy, it doesn't matter how big the exchange if the system inside that exchange is corrupted or the people are just too greedy the exchange will collapse and that exactly why we've been warned repeatedly not to save our money in the exchange because your money is not really in your hand but instead in their wallet, you don't know what they will do to your money once they got the opportunity.

It's not even included on the biggest exchange site from asia and you may wrong about that. The team can used the money from the ico to protect the liquidity and the team is doing a very wrong thing put creating so many large give away to the users as the result this exchange site can't even protect its liquidity.
This may be a scam project anytime.

with that perspective on hand, traders should be very careful in sending their coins to this exchange more so if they are storing their portfolio in this exchange. if they cant prevent from using this exchange because some coins or tokens are being traded here, one precaution is to withdraw their money as soon as possible once their transaction is over. like after trading, get their money out. dont overthink because they might cause losses...

The real question is, why on earth would you trust your funds with such an unknown platform in the first place?

The team behind the exchange is unknown, they have practically no reputation, absolutely no trust in the space.

What makes you think this is a good place to deposit your money on? Genuinely curious.

There are so many exchanges you could've chosen from, and yet you decide to use BCNEx. Haven't even heard of it, and the forum has plenty of scam accusations against them. It's easy to find if they're trustworthy or not.


Having earned money from ICOs doesn't mean they'll spend that money on the development of their project. If this truly is a scam, then this "enough money" you're talking about is chilling in their pockets. A promise made through the internet should gain no trust from everyone but 100% doubt instead. If it's on the internet, it doesn't mean it's true.

If I read from the thread, a problem that often occurs there is pending withdrawal.
If indeed they are professionals, then events like this will not continue to repeat. Gradually the credibility of BCNEX will be doubted.

I did not choose them to trade. I was compelled to do this because they distribute the bounty reward to their exchange. I have the chance to withdraw almost 3 BCNX every day. I waited a while for amount to gather a little. Almost 60% of the amount has been gathered in recent days and when I tried to withdraw them, encounter with this result.

That's to make sure if this exchange site can attract more users to put their money. So many scam projects were doing that shitty trick to fool the new traders and investors that will be coming in. It's not only crazy but this can't be tolerated again.

I am very disappointed about what is happening but cannot do anything else because BCNEX currently blocks all investor withdrawals. I think if there is no new update for everyone here then surely this is a scam exchange.

Currently I have a small amount of money at this exchange and a lot of investors complained at telegram but the result was just their silence so please think carefully before joining this exchange.

So far, I have withdrawn all my balances in BCNEX exchange and I am lucky that I didn't experience this kind of issue as I have withdrawn my balances before the problem occurs. I pity those people who still have pending withdrawals in the exchange and I hope that the team will fix this issue if they like to continue in operating their exchange.

I am not sure if they will be turning into a scam exchange or they are only refueling their balances especially if they have problem financially but whatever the reasons and the cause of their actions it will be best if they will explain it to the customers and users clearly so others will know whether they can still get their money or not.

I dont think we can justify it by those reason alone. Try contacting their support regarding your withdrawals mayne they can help you with that. Too early to say they are turning into scam now. Since they have a good marketing strategy and also community support. Lots of good projects has been tie up with them in the past so it's bad for them if they will start to do a scam when they already gaining traction and name on the community.

I think before sending support, we need to look for the admin in his telegram, and until now, the admin of Bcnex hasn't appeared in his telegram. honestly, I still have some assets there, and I have also made a withdrawal almost 1 week ago, and until now there has been no progress. in fact, many have asked this in the telegram.
however, his team should clarify this, instead of going on vacation with the exchanger there are still many problems.

It is unfortunate when they see a place of exchange that can be successful as it was during the ICO process. They showed very good performance and made many people happy, but now they have started to show their original purpose. They made this exchange place to commit fraud on a very large scale. , the police or the authorities should have been able to arrest the perpetrators, including the CEO of Bnex.

actually their telegram is still there, and I can still check it, it's just that I don't know why this can't be shared, or searched. however the telegram is still there and until now people are still complaining about it. You can try joining the bounty telegram.
in addition, for the latest information, bnex re-processes the withdrawal of people only, the request for my marriage is still rejected, even though it was only 0.5 ETH. I hope his team will immediately make improvements on this matter.

I know delay withdrawing process in BCNEX exchange market but don't worry because their system look hard and busy where payment transaction will process more than one day, I have withdraw ethereum take more than 24 hours and my payment received, I know with the problem every day in their telegram channel always have many people complain about their withdrawing.

Stay away from such scam Exchange projects. By doing so it lost its reputation and people won't participate anymore. Almost so many members have complained against it and the admin has not been appeared when so much of projects have been tied up with them they should not scam it is not good.

There have been agitations as to why Bcnex disabled deposits and withdrawals. If this is true, then I think investors should be careful with such exchange.

BCNEX is one of the projects discussed by many members here, and also one of my relatives. it is unfortunate if they do this because the concept they have is quite competitive, but if they are completely erased then I think you should forget about it, it is very soft, of course, but it's good to not get stuck in adversity.

There are some user who have reported about bcnex on scam accusation you can see there

1. https://bitcointalk.org/index.php?topic=5156208.0
2. https://bitcointalk.org/index.php?topic=5212817.0

And I just thinking that this project has been investigeted by some users here on this forum. We will see that in a few times, hopefully there will be an answer.

I see. Well, welcome to the big pool of scams. This is why I don't like new tokens and coins. I prefer the OG ones. It was better up until 2017-2018 when the ICO hype started and then turned into a token-printing opportunity for scammers.

I'd recommend sending BCNEX (https://bitcointalk.org/index.php?action=profile;u=2458981) a message here on the forum and opening a thread in the Scam Accusation board if 3 days have passed without any kind of answer from them. Open a thread there and post as much proof as possible in order to prove your point. Other than that, there's not much else you can do..

CEX is very risky for keeping your money, There are many similiar cases like this. I think the others CEX is possibily to get scam
I just suggest to you guys, if you plan to keep money in CEX for long term, then send it to your own wallet
it is absolutely better than keeping in CEX. no matter the good CEX at this time, it is still risky

I have seen several starting exchange but their service is not bad as this one.  People unable to withdraw their fund or unable to receive their withdrawn fund with no communication to the exchange is a good proof that this suppose to be a good exchange is turning to be a scam one.  The issue with BCNEX withdrawal has been around for some months now and yet another new victim still falls for it.  I hope that you can get your withdrawn amount OP.

It could be a scam, because As I see it, the BCNEX Team makes a big mistake when they don't take the withdrawal process seriously, they just ask to keep pulling on each user, while confirmation on every withdrawal is always pending.

They may be on vacation and of course investor withdrawals may be delayed. I think they will have the latest notification soon because I have been trading at this exchange for the past 2 months. In my opinion Bcnex is still very young so they will definitely not scam investors and hope that everything will be fine because everyone is feeling very worried.

withdrawal seems to have been chosen by their team. some withdrawals have been successful but those who withdraw no more than $ 50. whereas larger withdrawals experience a lot of rejection from the team. it's like it's not fair because the team doesn't want to lose money from their platform. but precisely what is done can make traders and investors' trust decrease over the inconvenience they experience.

we don't know in the future BCNEX will be like, they have subsidiaries in several ASIA countries, like in Vietnam,
if BCNEX does end up scam, then it is a bad history for the world of crypto currencies

This is likely going to happen. since they have limited new members into the group. New members are not allowed into the telegram group. it is closed for new members. that is a clear sign that something is not working right. withdrawal is limited and allowed for a certain period. some fishy is smelling. one thing is certain, as long as trade is still active and people can still long in. i think there is no cause for alarm.

This exchange cannot be called cheap, if you believe their roadmap and reporting, the exchange has collected a fairly large amount of money. At least in Vietnam, they raised $ 1,000,000 in presales.
Then, on the platform of the exchange itself, they managed to collect at least $ 2,000,000 or $ 3,000,000 that is the data provided by the exchange, and what we could see during the fundraising on the platform itself.

The exchange looked very real and potentially safe. Even Justin Sun himself posted in his Twitter news that his Tron coin was placed on this exchange. As you can understand, it would be unlikely that a person of this magnitude would have taken up scam advertising, although who knows. Maybe something went wrong later, maybe the exchange was hacked, or one of the developers disappeared with money, this is unknown.

Bcnex exchange is facing fund issue, that's why users are facing restriction in withdrawal. You can't withdraw more than 50$ and your withdrawal will be confirmed in a delay period! So, their activities are very suspicious! Though they are still replying and trying to get fix out, but there is still a possibility for BCNEX to be a scam exchange!

I think some people are still in self denial, BCNEX is a born scam from day one, they claim they have raised huge amount of money but there is no big investor or capital fund that is associated or claim invested intho the project. As for withdrawal, incident like this should open people mind up and demand for DEX, we need  real one

all projects are potentially scams even large projects can be scams,
I also have a balance in the BCNEX exchange results from the bounty, but my balance is lost somewhere. when asked in the telegram group no one responds.
I assume this exchange is a scam

I can't believe that so many exchanges turning into a scam, or get hacked, what is so hard to have the coins saved on hardware wallets and only send funds from there when a withdrawal is needed using a software?

Are you removed from the telegram group? ... maybe a less pleasing submission could occur as a result of a telegram block, spammers can also be. Nowadays transactions are using more and more, the blockchain chain is also getting tighter. could it have happened because of blockchain traffic that was too dense? ... maybe, so the coins you pulled took so long to arrive

Bcnex exchange team kept lying from the beginning! They announced BCNEX ICO raised 28 million USD, the hard cap! Which were an absolute fake and big lie! Though they are not scammed yet but all of their activities are very suspicious. Right now they are trying to sell their IEO token, which ridiculous. Don't buy that lending based shit IEO coin from the BCNEX launchpad and beware about depositing in this exchange!

Yes, but Bcnex exchange is not hacked by anyone, they are purely making a deliberate fraud, because until now only the withdrawal process for many exchange users is still delayed and many even rejected after one week of pending.

the thing that is quite ridiculous is, they are still trying to do IEO in their market. however, they are unprofessional if the withdrawal problem is still not resolved. however, the most important thing about exchangers is how well the withdrawal services they provide, and bcnex removes the services that are at the heart of exchangers.

I have also withdrawn ETH 0.11, but my request was rejected and not approving for one month, I also tried various times but always failed after email withdrawal confirmation, in my opinion, BCNEX exchange should be declared by a scam by the crypto community so that investors can not invest and lose their funds.

I understand but i mainly reffer also to MTGox and other exchanges that turn into scam after time. If we use decentralized exchanges this will change or they still can hold our coins?

is there no solution for people who have not been able to withdraw money from BCNEX ?, everywhere are all silent and the BCNEX admin seems to be shy, for some reason a project like this if it ends scam is very unfortunate

Unofficially it's a exist scammed lol. All of guys withdraw problem will be slove for delay i think because a few people already received pending dollars & different assets. If team gradually will make release withdraw just wait a few days. Still huge volume of coins pending, now difficult to believe the BCNEX teams.                   

Liquidity pool is very important things to any project especially for any exchange. This exchange rise huge money during ICO now looks like everything was fake. From last month this exchange didn't give any money to real owners. What is the problem in exchange, no official announcement.

every exchange has a big chance to turn into a scam. in the past, i've studied every details of their project and i believe that BCNEx is a scam since the beginning of their ICO.
that's why i don't fully trust some new exchangers, especially the one that born from the ICO projects.

I do not think that they are scammers,but clearly their behavior will affect the reputation as a whole.Already, many do not want to deal with this exchange.

Have you ever read some feedbacks from this exchange?


It shouldn't turn out to be like this. A legit exchange shall reply their client to their concerns with of course fixing the issue right away. Pending withdrawals make us believe that it may be some kind of exchange scam. They should be transparent with all the updates, maintenance, etc. Better to choose established exchange, it is hard to trust some new exchange now.

yes this has an adverse effect on crypto I also saw them promoting their project in this forum, and I thought everything would run smoothly, apparently not they are also part of the scamer, as well as projects featured such as Miracle tele last year where the project was interesting enough a lot of investor interest, but led to a scam.

We can save our coins in the exchange even though the exchange makes changes in any form, the only problem is the desire of the exchange party, if the exchange wants to deceive their users, then whatever we do still will not mean anything, the point is back again to the wishes of the team exchange itself.

Though BCNEX is not scam yet but their activities are very suspicious! They are selling a new IEO token by holding people's funds on the exchange, just ridiculous! I already moved on from BCNEX! Miracle Tele was totally disappointed! I never thought they can scam that way! Such a unique project that was, even I topped up money in my sim through Miracletele.

other than that the admin is also so enthusiastic and very confident that the exchanger is not a scam. however, making withdrawals there is always rejected at this time. Yeah, so I consider this 50:50 a scam and not because the admin always responds. it's just that the admin who responds mostly is the local admin who isn't really involved in the team.

totally i am not using bcnex again, although i didnt participate in bounty or anything else but when i heard customer withdrawl rejected many time, i am decided to stop using bcnex. even local moderator could not explain about it, he just said wait to us. miracletele team able deceive investors by creating good whitepaper.

Centralized exchange is only depends on exchange CEO. I'm following Bcnex exchange since ICO was running with several coin. This exchange did Bitcoin, Ethereum and Ripple rounds even all were success. As telegram group they are telling that trying to solve the matter. Their fund was finished but trying to keep exchange alive.

I have bad feeling since this one has already started to raise the funds because the team was focusing to do massive advertisement rather than focus on its product and this time the bad thing happened with this exchange site and we can see how the team was doing shit again. All of people who have used or participated in any service that created by this scammer are getting fooled

That's right, because many people like me no longer receive payments from this cryptocurrency exchange for a long time, although after launching the exchange for some time there were no problems with withdrawing funds, but then payments simply stopped and the developers of this exchange simply disappeared.

BCNEX has totally turned into a scam exchange.  Since the time I have withdrawn my asset there and converted it to ETH, I have not receive the ETH till now and it's over two months now.  Where is the $13m they claimed to realise during ICO? I guess it was a big lie.  I didn't know this exchange would later turn out this way.

I am surprised that they can easily took raised money plus stolen money from users. No one really cares? No criminal complaint against Bcnex team? We know their names, or their names and identities are just fake?
I personally trying to withdraw my ethers from the exchange, even they claim that ETH withdrawals working, my withdrawal was cancelled many times.

When it comes to crypto exchanges, anytime withdrawal is delayed it sends a worrying signal that's just the way it is because it is all about money. But when withdrawal is delayed and the support is there to calm everyone down, then it sends a good signal that all is well. Now in this case, the exchange failed woefully at it, withdrawal was delayed not for hours but for days, and the support wasn't responsive and even the telegram group was deleted; as hard as it sounds it looks like exit scam because most of the times this is how it goes by. Lastly, no Investor knowing fully well of what's happening will invest which then means it is over for the exchange.

The scammer has been holding the key to access the hot wallet and that means the scammer will easy to run away with the money. As far as i know if the bcnex scammer team never tried to publish the crowdsale address to make sure the investors know about the real amount that raised by this scam exchange site. I don't know what was happening with them all because they are not even creating a lawsuit against this scam project.

I think the BCNEX exchange place has begun to scam when collecting funds because it can be seen from the percentage of funds collected which in my opinion is a manipulation by the team from the BCNEX exchange site that aims to convince investors that many have participated in the collection of funds.

Wait still there activity is suspicious but admin is enough active. From two sides, I didn't see this long time to solve this exchange problem when others side is, this might be difficult for the team. In bad situation only Bcnex exchange did all steps success. Bad for those whom money stuck in Bcnex exchange 3 months.

if this is true, try to make a post here https://bitcointalk.org/index.php?board=83.0 and attach some evidence so investors know and there may be a response from the BCNEX to follow up. I have also participated in one of their bounties, but at that time I was still able to withdraw the results of my bounty

You will not be able to withdraw money from this exchange because the current BCNEX main wallet has no assets and the attempt you try only makes you encounter more failure. As far as I know, the project team has left here and at telegram there aren't many activities that make me more suspicious. It can be considered as a scam exchange because no exchange has stopped working for more than 4 months without clear reasons like this exchange.

I remember BCNEX exchange because they intro a bounty campaign last year and bounty hunters are able to earn good reward from the campaign, though it's not easy to run a new exchange but not been straight with the community mean something is not right

pretty good if it's canceled, some people are stuck on pending status. other than that, there was no news from the first team, and the telegram group was hidden. It seems there is no good hope in this exchange.

The exchange is under the control of awful team who can't stand on their feet to defect the issues plaguing the exchange, every exchanges have their difficulties and team needs to be strong, well that's one, another one is the greediness of the team, you can only withdraw the first and second number, for example 0.23btc, the remaining 0.23568838 is theirs

In telegram group, many community members are complaining about their withdrawals and even they are not processing the withdrawals. Not only second one, myself they are not releasing my first withdrawals, how can a company do like this, because they have raised very good amount and failed to deliver their things on time and they are not processing the withdrawals on time too.

I suffered a lot as a hunter. It's a scam exchange.Hunter's payments must be paid correctly. They work hard to make a project a success. But this exchange has done the opposite. It is not right for them to do so.

So many have such trust in BCNEx but what happened to them is what I really can't tell. I made a withdrawal that is more than a week now and it's still pending and even it seems the Telegram group there is no much reply from Admin as people kept asking the same question

I don't use that exchange to trade because I still prefer Binance. Besides that, I don't want to risk losing the money in the other exchange which I don't know if that exchange is worth or not for me to trade. The investor will know how to choose the good exchange because they already got a bad experience before, and I am sure that they don't select the other exchange except for stay at the exchange that they already used. Maybe the support system is busy, so they don't reply to your complaint, maybe give them more time to solve your problem. If there is no reply from them, then you better leave them, and regard with your funds, hm that is quite difficult to explain.

The only new exchange that still haven't lose their stands much is coinsbit, they stick to normal rules from top exchanges, withdrawal fee are lower and easier to access but the exchange have few bugs, BCNex and Vindax are so alike, they make everything very hard for users

Nothing good should be expected from this scam exchange, who was lucky, they managed to withdraw their funds when it was still possible, and who is less fortunate, they probably will not be able to do anything, and unfortunately there have been a lot of such cryptocurrency exchanges lately.

Now a lot of new exchanges have appeared in recent times and if not careful then you absolutely can scam at any time. I had known about exchanging BCNEX from a friend but until now, this exchange has stopped working for a very long time. Of course, many investors here feel very discouraged about what is happening and there is nothing we can do but wait.

Once your withdrawal it takes few weeks for sure that is scan but if you get your withdrawal for few days it's legit.
I dod not know that exchanges site because I exchange or trade coin to the popular and big exchange like binance and I really like that exchange because it is really legit. This thread was create in janauary 2020 and I hope op will get what they need.

Yes, and I see that the last withdrawal transaction that was successfully carried out by BCNEX exchange users was in the middle of January this year, after that all withdrawal transactions no longer functioned or even always pending until now, this can be proven by the many complaints of users exchange that is no longer handled by the team.

There are many question marks about this project from the start, when you ask them a question that obvious and need answer,  they start to block or delete your posts. I know they never raise the amount of money they claim they raised in the first place, the surprising thing is that they are from Vietnam which is a country that is on the rise and would have placed them in a good position in the country.

Don't rely on them, they have become a scam so they will never reply to you at telegram. I still do not understand why they did not disappear from this market, so many people have been stuck in this exchange since the beginning of 2020 but until now they have not been able to withdraw money from this exchange, this is a bullshit exchange

Yes, but a scam has happened and it will be very difficult for them to fix it again, even if we say they don't deserve to do that to hunters who have worked to promote them to the public in the past and ended successfully.

As far as I remember, this exchange completed the ICO with $ 30 million. But I don't understand why they became such a big money scammer, they could use that money to develop exchanges and become one of the leading exchanges in this market. But now that they have turned into scams, I hope they will soon be arrested and punished

This project really treated people bad, especially the Hunters. I used the exchange after the the bounty campaign and wasn't much satisfied, I let the exchange with anger even left some of the tokens I acquired during the bounty because it took ages to unlock and I wasn't ready to buy Bcnex token for the unlocking coz I felt it was cheat to work and promote them and still buy tokens to unlock the rewards I got. They're scam

True, I also found a case that is almost similar between the BCNEX exchange and the Vindax exchange, even new users for the Vindax exchange have not been able to create a 2fa code for their account, this reflects that Vindax is an exchange that must be wary of or avoided.

The rate at which most exchange is turning to scam is becoming very alarming, BCNEx was one of those exchange that really pulled the people, many believed in them and finally they turned out scam, majority still have their funds in the exchange and couldn't withdraw anymore. Initially they used Corona Virus as an exchange

If that's true, then this exchange is truly greedy. They only allow investors to withdraw as much as two decimal places. This exchange should be closed soon and everyone should stay away from this exchange as far as possible

Take a look at this. Another Vietnamese exchange with an almost identical name. The interface is also strikingly similar. I do not claim that these two exchanges have the same roots, but this may well be the case.

https://i.imgur.com/7M7LGqo.png

https://i.imgur.com/nk0iFQk.png

Well, their interface is exactly the same, even their names are 99% similar. Certainly these two exchanges have a common origin, and maybe they have created a new exchange to try to scam investors again. It's awful for the people who create these projects

To be straightforward and blunt, this is just the team scamming people which makes the exchange a scam exchange. Just from your post there are enough proof to back it up; deleted telegram group which means they don't want to attend to anyone, inattentive support or customer care service and the biggest being pending withdrawal for days now. All these are enough to push investors away. It is painful and from the way things are, I do not think you will get the funds back and better you move on so as to forget the pains it has caused.

Many user Withdrawal are pending last three months. Their twitter have no update after February. They reply in telegram rare. When people asked for withdrawal they don't response. I left the exchange because i think i never get back my funds.

Another failed project.  It’s good that I didn’t make an ETH deposit for trading.  Got BCNEX tokens when making a bounty.  I traded together with ETH and now I can not withdraw.  Conclusion pending March 7th.

I am one of the participants who have participated in BCNEX projects and I personally do not think that a project as good as BCNEX can get a scam reputation, even though the BCNEX exchange is a good exchange but is very bad poorly managed by the team so that the exchanger gets a scam reputation from its users and of course things This is very reasonable because many of its users are indeed unable to withdraw their crypto assets into the personal wallet of BCNEX exchangers.

good exchange but poor team management ? so that also means that its been managed by poor people  ( the one that doesnt give out thier best ) but only wants  to profit .  it could be by scamming people on to thier exchange  .

 btw you mean you participated on ieo's from this exchange and that ieo perform good  ? i didnt knew that its possible even if listed on a bad exchange but i thought  exchange performance can drastically affect the outcome of ieo's    .

well these are the signs of an exchange going to exit scam. So many exchanges that when these problems occurs they are preparing to run away.

I've always had a bad feeling about this exchange. And now this pandemic gave them the opportunity to finally exit scam. I never submitted my KYC during their airdrop, they have been very shady and now their social media is inactive

There is a high chance that it's own by same person or one of the designer created this for another project.

Why new exchanges? There are many exchanges that can satisfied one's need, new exchanges always have bugs even if they aren't scam project, they have security issues often, top exchanges are better and safer, stop using bcnex and vindax