Bitcoin Forum

ZeusMEX — instant cryptocurrency exchange.

Unfortunately, due to the financial losses of our investor, our exchange cannot continue to operate at the moment.

I would like to welcome you before anyone else in the forum :-D

Welcome to Bitcointalk forum

Welcome to the forum.

Happy to see more and more of such privacy leaning exchanges announcing themselves here, and we do hope this will just be part of the beginning of your long journey in business. I have read through the features of your service, and I am pretty impressed.

I also like this part of your ToS. So many other services pretend to offer privacy but will go ahead and block "suspicious transaction" and demand for KYC if the person wants their funds back, which is absurd.


How about the other coins like Bitcoin, Dogecoin etc

Good day.

Thank you for your feedback; it is very valuable to us.

We do not charge a fee for refunds. The return of tokens is done by sending the private key where your funds are stored, or, in the case of coins, a form will appear on the exchange page where you need to enter the address to which you want to return the funds and click the "Submit" button. After this, your funds will be automatically returned to you.

With respect,
The ZeusMEX Team!

I was not aware of that. It's more than generous approach. I have seen services to charge x or xx% to refund with the excuse of admin fees and things. I guess it's fair that the receiver will pay the refund network fees than the business.

Welcome to the forum.

I'm not sure if you're picking a good name for your service, because the first time when I see your domain name, I automatically think your service is a tumbler/mixer.

If you have Tor version it will be better since you're promoting "anonymity".

Even though it's a good thing you want to refund the money and covered the transaction fees, but I still don't like the way you make Bitcoin as non fungible.

Good afternoon.

Thank you for your feedback.

ZeusMEX is a platform for instant cryptocurrency exchange. We do not have and will not have functionality for mixing cryptocurrency. I would like to point out that many mixers do not have the word "mix" in their name, but they are still mixers, so this cannot be a definition of a mixer.

The onion website will be launched next week.

Regarding the topic of refunds, maybe I was misunderstood, but our service does not charge a fee for refunds; however, the network fee remains the user's responsibility. For example, when an exchange request is created, a unique address is generated for this request, to which the client must make the payment. The client transfers, for instance, BTC to this address. After the required number of confirmations, an AML check takes place. If the funds pass the AML check, the exchange continues; if they do not pass, a refund form appears on the exchange page, where you need to specify the address to which you want your BTC returned and click the "submit" button. After this, your bitcoins will be returned instantly from the same unique funding address to which you made the payment for the exchange request.

With respect,
The ZeusMEX Team!

Suggestion;

1. How about a field where a refund address is entered way before an order is made. Perhaps on that page where the receiving address is entered?
I am thinking this could be convenient just in case a user accidentally closes the order page and does not remember the order ID.

I guess this is a good suggestion.

There was a long discussion between me and the Zeusmix team. Regarding the post-fix "mix" on the brand name, it's just a part of a name as noun. The website functionality, business model does not have anything that will consider the brand as a mixer, it's an exchange that:
- does not require registration,
- does not require KYC and
- according to them they have their own liquidity reserves which means unlike some other exchanges who use API from some third party and risk your asset to be frozen if anything wrong with the coins you sent.

Furthermore, you can not even select the same coin in both "send" and "receive" field.

https://www.talkimg.com/images/2024/05/30/LLLKI.png

Good afternoon.

Thank you for your suggestion; we are happy to hear from everyone to improve our platform.

I will pass this on to the team, and we will consider how best to implement your idea. Even if you accidentally closed the page and it was not saved, you can always contact support, and they will definitely help you.

With respect,
The ZeusMEX Team!

I agree with this one. Part of the name should imply the main activity of the service, but it is not mandatory. The exchange of one cryptocurrency for another is in the true sense of crypto exchange. Instead for CEX, it can be said that they are basically trading platforms, not primarily exchanges.
Based on this (https://www.govinfo.gov/content/pkg/FR-2023-10-23/pdf/2023-23449.pdf), any wallet can be considered as mixing.


This can cause additional problems, and this should be visibly indicated during the exchange process. It does not necessarily mean that the user can receive Bitcoin at the same address from which it was sent.
It will probably be necessary to explain your AML verification method, there are really many different interpretations.


You should think about partner/affiliate programs also.


You should try to reduce all similar issues and make the platform as automated as possible.

It was about time Royse777! Nice seeing you coming out once more.

However, I had to review the site due to the prefix, every regular user here understands the stands of the forum on sites that functions like the prefix although, that’s not the case we’ve got here. It would have been really nice should users understand from the name alone on what services it does provide as this would go a long way to create an unmistaken first impression.

The site looks pretty simple, an almost pencil black color with a light purple color. I think what is basically done here is swapping of coins and it doesn’t really have a wide range of operation. Perhaps this extent of them services would be improved with time. Solana remains one of the good projects out there to consider adding to the list.

Also, welcome Zeusmix to the forum and it’s nice to begin your journey with huge steps through a campaign with an experienced manager.

What additional trading pairs may be added, Monero for example??
any NO JS version?
I tried to exchange USDT --> BTC and entered my Bitcoin address, but I cannot see the address before making exchange (it would be appropriate to see the address to verify that it is the correct address)
Since exchange is made from your reserves, is it possible to indicate the remaining reserve? I see that current maximum is 8660.26582 USDT. Is this the current reserve?

This is a good suggestion. I already proposed it to the team.

I am sure they have many chains in the pipeline. We will see regular updates. Thanks for the good words btw :-D

Monero will added as you can see from the FAQ of the OP.
The onion version is going to launch soon as per my knowledge.

Hey ZEUSMIX

Welcome to the great Bitcoin forum. Just checked out the website and it seems good so far. The website seems brand new even though the copyright is from 2023. The recent transactions tabs have only a couple of number of transactions history. So, I assume you guys are operating for not too long. It is a good decision to come over to this forum and have some exposure. It is essential for an anonymous platform to build a reputation so it can gain the trust of users.

Bitcoin forums always welcome no-KYC-based platforms like Zeusmix. I am kind of surprised to see that you guys also have SimpleX chat (https://simplex.chat/contact/#/?v=2-5&smp=smp%3A%2F%2F0YuTwO05YJWS8rkjn9eLJDjQhFKvIYd8d4xG8X1blIU%3D%40smp8.simplex.im%2FYqX6y557yJMRHgwjXPua8bxAzNX8gt20%23%2F%3Fv%3D1-2%26dh%3DMCowBQYDK2VuAyEAxWPp5t_zG8zNqPDceiEDosSXYmvioG-F8bqoehO4Mm8%253D%26srv%3Dbeccx4yfxxbvyhqypaavemqurytl6hozr47wfc7uuecacjqdvwpw2xid.onion). I don't remember seeing any platform that has SimpleX chat for their users.

Anyway, You guys seem to have only a couple of exchanging options for now. Adding more coins like XMR, Dash, and some other popular coins will be good. I am curious how long a user will be able to track his transactions. What if someone closes their browser tab and they have some issues like they did not receive their coins? Having these logs without an account is tough. Do you guys generate a Unique URL with an order ID for each order? I haven't tried the service yet, which is why I am asking.

I tried verifying on what you just said about having to reconfirm your address and your address is visible upon input of the address but, after you initiate the transaction by clicking the start button for the exchanger to begin processing, you don’t get any form of preview as per reference to the address but, you can find a receiver space to be designated in the ideal currency.
For some this might be enough but, it would be a more preferred option to review your address, there is a lot of space for that on same roll.

I noticed that as well, tried using the onion link on signature and it comes up with an error message on network coverage. It’s a little relaxing am not alone on this and the fact that it’s something being looked at by the team.

We utilize several advanced AML data providers to maintain an acceptable level of AML risk on par with other CEX platforms. Our platform's objective is to provide the best service for instant cryptocurrency exchange, but we will never facilitate the laundering of stolen funds or those obtained through hacking, and so forth. When a client creates an exchange request, a unique address is generated for payment. If the client sends cryptocurrency with a high AML risk to this address, the exchange will be immediately suspended by our system. After that, the client will be prompted on the request page to specify a return address and press the "Send" button. After this action, the funds will automatically return to the address from which the payment for the exchange request was made. This system is fully automated.

Affiliate program is in development and is also in its final stage.

Yes, we plan to add Monero, it is also in the final stage of development, and in the future, there are plans to add other coins and tokens

You can see the entered address when creating an exchange before pressing the 'Start Exchange' button, as well as after completing the exchange on the order page. However, your suggestion also makes sense; I will pass it to our team, and we will try to work on this aspect. Thank you very much for the suggestion; we greatly appreciate such feedback.

Yes, when entering the exchange amount, you are shown the minimum and maximum values ​​that our platform can process for the exchange. We are currently in the beta version, working with low liquidity. Additionally, we plan to add a separate section on the website displaying the current data of our liquidity reserves.


I want to thank each of you for your suggestions and feedback on our platform. It is very valuable to our team; we want to hear from everyone to make our platform better.

welcome to bitcointalk.org
this is a cool exchange. this should be the kind of exchange that is promoted widely but i think there will be transparency if we can see the SAFU, how do we know the exchange has BTC to send?

but wouldn't this be considered a mixer in the forum and we all know mixers are already banned here. hope not since they are already up to promote the exchange thru signature.

There are some already and one of them even has an older thread on this forum, which seems to be the inspirational source for this service here.

There is another service that uses it too if you haven't been keeping attention, though I won't mention it in this thread since it's a competitor and I need to respect the OP of this thread. I am just excited we have another player who is joining the fight against Government's privacy invasive behaviours. These are very depressing times and any service or tool that enhances financial privacy and independence is highly welcome  :)

Welcome to bitcointalk forum.

I think it's a good proposal, especially when you achieve greater visibility, you can try partnerships with hardware wallets for alt exchange services when users want to exchange coins for others in their HW.

Regarding the name, despite having the mix prefix in the name and we know that the service offered by the platform has nothing to do with mixers, I'm afraid that this could be a problem for you later (I hope not). Maybe change it to a name like: Zeus Ex, Thunder (I found this name stronger and is related to Zeus), but that's just a suggestion.

Feedback about the website, it has already been said here, I emphasize the color palette between Black and light Purple, they are eye-catching colors and are in line with the proposal you provided, a simple website with a simple and direct proposal.

It's not every day that a company with such potential emerges, I hope you make great progress. As soon as I have the opportunity, I will use your service and give other feedback.

It's still a bad idea and will probably cause additional problems and doubts about your service.

I'll try one more time. Some services, for example CEX's, casinos etc... use different wallets/addresses for deposits and withdrawals of their users. For example, the deposit goes to the cold wallet and address A (connected with the user account), while the withdrawal is made from the hot wallet and address B. So, in case the user going to withdraw and send BTC directly from his casino account to your exchange, it comes from address B. If you judge that the coins do not pass your AML control, you will return them to address B, which is not exclusively connected to a specific user account.
Everything is automated and not reversible.

The epilogue is that you sent a donation to the casino, and you will claim that you acted fairly, but the user was left without his funds.
The casino in this case is just an example, although coins from there often have an AML problem. Also, sending directly from the casino (or other services) to the exchange is not a good practice, but it happens quite often, so I would not rule out this possibility.

Once a mistake like this happens, you'll be left with negative feedback forever, or you'll be paying out of pocket to cover it up.

You misunderstood me, or perhaps I didn't explain myself clearly. Let me try to explain again. What I meant is that the funds are returned from the deposit address to which the payment was made, not from any other address. Therefore, this is not a problem because, for the refund, the client will need to specify the required address for the refund and confirm it by clicking the "Submit" button to process the refund. Thus, such an error will not occur. I apologize if I misled you.

OK, that makes sense, you just didn't write precisely earlier.
For such a scenario, you should have a mandatory (before exchanging process) field for the refund address, as well as a mandatory (before exchanging process) download letter of guarantee with all order information. Accidentally closing the browser complicates things quite a bit. For example where to enter my order code after reopening your site?

Zuesmix is the brand name, the product has no relation with a mixer. You can not even select BTC to receive BTC in the "Send" and "Receive" input box of the exchange page. Anyone who visited the website already can see the process.

Interesting idea. I like it. I will propose it to the team.

What sorts of problem you have in mind? Regarding a confusion can be caused in the forum admin's mind - after seeing some reaction from some users, the Zuesmix admin already contacted the admin and he allowed it because this does not qualify as a mixer. I also sent him a PM, the reply was written in the same fashion. So there are nothing to be worried at all.

I liked that you guys were being honest here with your reserve funds. Not only me but others will also agree that a lot of platforms came here showing fake reserves which looks insane to be true. But they never managed to get the trust of the community. The honest move helps new startups for their business.

If users could specify the wallet address before getting the refund, then it's okay. But you said it's an automated process which may confuse examplens and the line "the funds will automatically return to the address from which the payment for the exchange request was made". After reading that line, I also thought the refund would return to the address it came from.

I mean no JavaScript version, lighter and more privacy page.


at this stage, It will be appropriate to add Proof of Reserve or deposit 1 Bitcoin in the forum’s escrow. This will help to trust the service as they are sure that their money is safe because there is a deposit in the escrow.
A QR code with the deposit address will be appropriate.
In addition to the possibility of downloading the letter of guarantee

You know, this is a very valuable remark and it makes sense. I will pass this on to the team, and we will consider adding an option to specify the return address before creating an order (optional), as well as adding a guarantee letter and a separate column on the website, so that if the page is closed, the client can return to the order page using the unique order number. This is exactly why our platform is currently in beta mode, to hear the opinions, suggestions, and comments of all users in order to make the platform better.

Automated in the sense that the client does not need to contact support to request a refund, but simply specify the address to which they would like the refund to be sent and click the submit button. But as we mentioned above, we will discuss with the team the idea of also adding the option to specify the return address before creating an order.

Yes, our goal is to make this as transparent as possible for our clients, and we have several ideas, including guarantee letters, that we plan to implement.

I think the referred by user Forsyth Jones would be, what first impression it would have on users.
Now, I’ve come to understand this can work in two ways and that would be as it could either prompt users to,

a) Now let’s not forget that there exists a variety of services in the forum and cryptospace which for an ordinary user, having to see the name already creates a first time impression on what to expect when visiting a site. Where casinos talks about a gambling site where you can find games like Plinko, Slots, Lackjack and others to gamble on, Sports refers to the bookies for various sporting events, Ex widely refers to the exchanges and rather than having to look up a services in the wrong place, you just place your priority on first impression.
Hence, the possibility of not having clicks on exchanger as the name doesn’t directly spells this out but.
The other way this could work is that,

b) It could serve as a click bat purpose: Majority of the active forum users are well aware as per the stands of the forum on mixers and upon encounter with Zeusmix, it would prompt in the mind of a user to visit the site, research on why it’s allowed and what’s there range of service. This would in turn create a lasting impression upon every individual to have guided their curiosity with some research.

There really wouldn’t have to be any problems with the forum admins as am sure, some background work must have been done to allow publication, let alone the well aware manager/team.

Wouldn’t this be helping the user even further in illicit purposes with user having to specify a return address?

This could be the case as user would just generate a new  address to request a refund on.
The more preferred option to me and as in the company T&C would have been to return coin to the address from which it was sent, having to use proper fee deduction in the process. Which would be swift and fully automated.

No, this won't help the user in illegal activities. Because refunds will be made from the unique address to which the client previously made payment for a request that didn't pass AML. That is, the client's funds that didn't pass AML remain at the same unique address created for the request's payment until the client specifies a return address and presses the send button. Thus, our service will in no way have any connection with funds subject to high AML levels, and this won't give the client the opportunity to anonymize their transaction in any way, because in the blockchain, it will look like they transferred from address A to address B, and then from address B back to address A or to address C, D, and so on.

To process refunds to the address from which the request payment was made is not a good idea because many people may make payments from exchanges, and in such cases, the refund would be automatically processed to the exchange address, potentially causing the client to lose their funds.

Does this term apply?
Anyway, this is the weirdest way, potentially causing further problems since private keys are not supposed to be shared between 2 or more parties. If I somehow get caught on AML radar, I can just withdraw my funds while I file complaint that it wasn't me who did it.

I don't know if this exchange is different from other decentralized/centralized exchanges. When I entered the website I was trying to know if the way we were using it to make transaction in other platforms but the difference is very big and there is no similarities. And from the images I screenshot,
https://www.talkimg.com/images/2024/05/31/LgXIH.jpeg
https://www.talkimg.com/images/2024/05/31/LgaAv.jpeg

Please can the Op tell me what kind of exchange? Because I only know two types of exchange and which are decentralized exchanges and centralized exchanges and all those two local currencies are there in the platform to trade. But in this one even though it is a non KYC, the fiat currencies should be there to trade. Or this one is only for Cryptocurrencies? I have read the Op but was looking for fiat but none.

Let me explain. To send ERC/TRC/BEP-20 tokens, need to pay for gas in the network's native token. Accordingly, when a client makes a payment for a request, for example, in USDT ERC20, and it has a high AML risk, our service will suspend such an exchange, and the client will be given a private key that holds their funds. We cannot send these funds to the client's address because it requires ETH on the deposit address to send the tokens. According to our rules, we also cannot send ETH to this address for sending tokens, because in that case, our service would be associated with cryptocurrency exceeding the AML risk. As a company that complies with AML regulations on par with other exchanges, in case of a token refund, we can only provide the private key where these tokens are stored.

We are a centralized exchange that only exchanges cryptocurrency. We do not work with fiat.

It’s true that following this process, clients might lose their funds but, is that even possible! That an exchange address be flagged?

If ever their is an AML flag on an address, isn’t that supposedly to be on the input address to the exchange rather than having an exchange output address as a flagged address? That is, in assumption that, it isn’t a hack situation  on the exchange itself but even then, it would make sense having to do refunds to the exchange address as the funds doesn’t originally belongs to the client.

I think this could be looked at case by case and not fully automated. A situation where the system could flag some address having AML flags on it to be exchange related and require some diligence in its handling.

Okay I understand but my suggestion is exchange should be cryptocurrency to fiat  and not cryptocurrency to cryptocurrency, if you want to market your service in the whole wide. We have a lot of exchanges that exchange crypto/crypto. And all the centralized exchanges do that and their services are all currencies but yours different and the method of transaction is where I am interested in. Because it looks like a mixing operating system.

Unfortunately, if they have to add support for fiat x crypto exchange, they would have to follow KYC and ALM laws.
If the user wants to change crypto x fiat, they can use traditional exchanges, the initial proposal for this service is just crypto to crypto.

Let me explain with an example. When a client initiates an exchange, a unique address for payment is generated for them. When you deposit funds, an AML check is performed. If the AML level is acceptable, the exchange proceeds. If the funds have a high AML risk, the exchange is suspended, and a form for returning the funds is provided to the client, where they need to specify an address and click the "Send" button. The funds will be returned from the same unique deposit address to the specified return address. As a company, we do not have the legal authority to act at our discretion and decide what to do with the money; a court decision is required for that. However, we are obligated to not facilitate money laundering. In such a case, even if a client attempts to exchange stolen funds, they will not succeed. In the blockchain, it will appear as if he transferred funds from address A to address B, and then back to address A or D. Therefore, they will not be able to hide traces or launder the funds.

We are a cryptocurrency exchange for instant cryptocurrency exchange, operating exclusively with cryptocurrencies without fiat. We have never had, do not have, and will not have functionality for mixing cryptocurrencies. There are many other CEX and DEX platforms that deal exclusively with cryptocurrencies, but that does not mean they are cryptocurrency mixing exchanges.

Privacy platforms will always be welcome in this forum and to all crypto community.

I would only be aware of for authorities to hunt you sooner or later, it's always the US authorities actually. If the platform can exempt those users from this country, the platform will be spared from getting hunt — for longer time, since authorities can still find ways.

When I know my private key and I shared my private key with you then it's me and you. According to Zeusmix terms, they will share the private key to the customer who is expecting the refund. Which means Zeusmix and the customer only know the private key. The same private key sharing model business was done by a highly established crypto service not long ago. They were doing the business successfully for around half a decade. I do not think this is going to be a problem at all.

Look, every business has its own business plan and its own strategy. You cannot really ask to change their business model just because you want this and that. There are a lot of platforms that offer a crypto-to-crypto exchange, but if Zeusmex can provide better service, then they will surely get customers. Dealing with fiat is more risky and it will not going to be an automated process. If you want to exchange crypto for fiat or fiat for crypto, you should use an exchange that has p2p features. Or other exchanges that run manually.

Currently, according to Zeusmix, their exchange process is automatic and they do not deal with fiat. If you ask me why you should use such an exchange over biggest exchange like Binance, well zeusmex is an instant exchange where you do not have to sign up and you can exchange your crypto without doing KYC.

@ZeusMEX, something more came up in my mind. Have you considered getting listed on kycnot.me?
I think can request to get listed here as will to increase exposure of your service (https://kycnot.me/request/service). I am pretty sure will get high ratings among exchanges, (probably 9 or 8/10) since your service does not require KYC verification.

I remember that highly established crypto service. But I also remember that they share private keys in form of "Chips" and they promise that it should be automatically deleted after 7days from their servers. This means that the custmer will be the only owner of that private key if he would prefer not to withdraw it to his own address. Then what happened? The service was seized, and several terabytes of data were seized from its servers. Among that data were private keys for chips that were supposed to have been sent to their owners more than a week ago, which means that they have not been erased. In fact, this was confirmed through complaints from users, some of whom confirmed that they had been keeping those private keys for more than three months.

I still think that this cannot be the best way to make a refund for the service that is the subject of our discussion now. Especially since there are other ways that are smoother and safer. I mean, I don't see a need to devise such methods that may not be accessible to everyone. I'm sure not everyone is good at handling their private keys carefully.

At the moment, our service is undergoing technical maintenance. All obligations to our clients were fulfilled before starting the maintenance. We apologize for any inconvenience caused. We will keep you informed about future updates.

Unfortunately, due to the financial problems of our investor, our exchange cannot continue to operate. We will inform you about future updates if there are any

Not what we hope to see at this time but, it’s only understandable that with a new launch as we’ve got ourselves here, especially one dedicated to taking its customer and review base seriously, there have got to be time outs like these to input some of those suggestions in the CEX programming and by so doing, expand its scope of service, operation and user base capacity.

Being an exchange that needs no registration and keeps no data on customers, it makes the thread of obvious importance being a means to communicate updates. We hope to see you guys active in no time.

---

Just to note on those changes,
Nice having to see you guys having to change your prefix from Mix to Mex, that’s a creative means to effect a correction (i - e).

In accordance with your rebranding, you have registered a new domain zeusmex.com, while the old domain zeusmix.com it has become unavailable to users. You need to set up redirection from the old domain to the new one, otherwise you may lose some of your old clients.

Well, as you can see, Zeusmex has already announced that their service is under maintenance. They are working on rebranding the website and fixing some possible issues. I don't know how you were able to access the first page you shared, but the maintenance is not finished yet, and it's not only for you but for everyone else. You can see their announcement, which I quoted below.

Edit: seems like you understand already and removed your post.  :P

Yes, I deleted the post even before your post. I was eager to exchange some coins before which blinded me not to read that. But I later read it and saw that the site is under maintenance. I will check back later to see how the exchange is.

Still the maintenance is in progress. The management is working hard behind the project and once the site is back to functional, the management will post an update. The signature campaign members are requested to continue their forum activities without any worry.

Cheers,

This is the first time I heard that centralized exchange is sending private keys to it's customers, it sounds strange and risky to me, and I wonder how this will work in real life scenarios related with incompatible private keys.
I wanted to perform some basic testing of Zeusmex exchange but service is not available now because of technical maintenance work.

https://www.talkimg.com/images/2024/06/04/cAEJW.jpeg

Looks like there's something to worry about  :(
Update from OP, Zeusmex is out of business. Unfortunately, they did not last long, although they seemed promising.
I assume that the signature campaign is over.

This was so sudden, could it be that they invested too much in the project and the investor needed to get that capital back? Well, I think the chances of the exchange giving us an update on this are very slim.

They could retreat and go after other investors or angel investors, since the project has a good proposal, someone would certainly embrace it, but this farewell to the market raised suspicions.

They are out of business, why would they maintain any update and what would they have to inform us about? About their daily activities from real life?


There is not much room for doubts and any conspiracy theories here, they did not calculate everything well, and it was obviously not the investor's primary concern that the service succeeded.
No room for extra drama here, they can probably lock this topic.

So it was all maintenance but probably a board discussion whether to continue with the operations or not and then came up with the decision. It only took them only a short time of being introduced in the forum and they're out of business. Before everyone even tried them, they already stopped the operations.

It's not easy to find angel investors nowadays, tech companies are laying off more employees to save cost and operations. And that might be one of the issues of their investors pulling out their money on this exchange.

I could just be more than that.

Perhaps a legal or Law enforcement issue because the manner in which they decided to whip up everything in a short time, including all the social medial handles. Maybe there was something brewing up in the background that we did not know about.

Anyway, it's unfortunate that they closed shop.

But not totally, decentralized financial platforms is like an illegal offence to regulators and authorities these days. If this was related to the main reasons why they eventually stop operating - investors stop its investments to them (losses) due to this. Then it could really harm the future decentralized businesses, unfortunately.

Possible but it's surprising with all and such coming from their spelling of mix to mex and this and that, now have come to an end.

Investors should have foreseen that or should we say "financier" instead of it since their business in nature is decentralized. But I don't think that even in decentralized exchanges or businesses, there's no way to go but also to get registered just like what happened to most crypto casinos.

This was almost certainly not related to any legal regulations. The OP explicitly mentioned that the investor suffered losses. This makes me think that he had a boating accident (???) or he irresponsibly gambled all the exchange funds away at some casino. In any case, the ZeusMEX financier does not strike me as a reliable or trustworthy one, so I hope they are able to find a new partner to continue business.

Worry is that unfortunately all marketing on the forum is going to stop. I was updated by the team yesterday. As a part of transparency the update was posted. If anything changes in the direction of continuing the business again everyone will be updated. But in the mean time we will stop all type of marketing.

Thank you everyone who was excited and supporting the brand.

Even though I cannot substantiate this line of thought, I really feel it has something to do with the authorities. The closure was sudden considering that they rarely even started. Every business takes sometimes to become profitable and a business of this magnitude should have envisaged some challenges at the beginning if there were no external factors at play here. So my best guess is that they ran into problems with the authorities which might have made the investors incur some losses in a business that is just getting started.

There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.

For what it's worth, I hope the family of your investor is doing fine. This may or may not be true at all. For all we know, this could just be the easiest alibi they had in mind, but at least you didn't just vanish into thin air leaving users hanging and probably waiting for nothing.

Suffice it to say, however, that you leaving like this, less than a week after your announcement, sudden, and with too few and dubious details, would naturally make curious minds suspicious.

Yours is certainly one of the shortest-lived exchange in crypto history.

So should you find any new investor, will the project continue? If yes, are you making effort to secure new funding or this might be the end of this great idea? I did not mean to propound conspiracy theories to explain the situation but I will take your further emphasis on your first post to be the reality. I wish you all the best in your future endeavors.

Meanwhile I hope and pray the family of your investor are able to overcome their problems and get back better.

OK, that makes sense. Take care though.

Okay, it would be good to see your service again on this forum.

All these questions are not necessary. All I wish is for the exchange to come back. And when they come back, they will show us proof of reserves which we make us know they are capable of what they have said in the past about their exchange.

If I have concluded correctly, there are two groups in the team here, developers and investors. Given that the previous investor has left, will you perhaps want to look for a new one to continue?
It would be a shame to abandon everything, considering that you have attracted attention in a short period.

What a shitshow.  ::)
Maybe it's better that they closed this exchange so quickly before even starting properly.
I don't believe anything they said about alleged technical maintenance, last moment name change, and then about ''investor'' losing money and having  family circumstances.
How can anyone create any serious service if they didn't already receive money from investors or if they don't have starting capital of their own...

Well, you don't know the investors or the developers, so commenting on those matters is not easy. It is possible that they relied on only one investor, and the investor denied continuing business with them. The good thing is they did not scam anyone. You could have blamed them for shutting down their business if they had already run for a couple of weeks and ran away with people's money. They're not going to run their business anyway, so no matter what you think about them.

Their signature campaign will end after this week. As far as we know, the campaign participants will be paid for their work. Regarding the name change, it is obvious why they changed their Brand name. They have prioritized the Bitcoin talk forum and wanted to continue business here. People thought this was a mixer since the word mix was in their name.

They changed the brand name because they thought having the term "mix" may scare bitcointalk users and will not encourage the users to use their exchange. Although I told them it's not a problem because they are not a mixer. But they thought to stay regulated with the community standard. So they decided to change the term from "mix" to "mex". There were no other reason for changing the brand name.

I know that, but no business that have word MIX in it's name should change it if they are not mixing coins (not allowed by forum rules).
If you remember there was another service with MIX called Mixin Safe, that was not related with any mixers.
There is also Mixcloud music streaming service, there are mixtapes, and other words with MIX that are not affected by new forum rules.
Common sense guys please.

No-KYC exchange, with "mix" word in the name, certainly attracts attention, not only from the forum administration. With some strange interpretations of what mixers are, when we add to that rigorous penalties, I am not at all surprised that someone wants to keep a safe distance from misinterpretation.
Not exclusively for the sake of this forum.

You are speculating and I am telling from the source.

The management team who changed then name told me why they wanted to change. We had more than two hours of discussions about it. I was suggesting to keep the name, benefits and things but they were afraid of having a bad impact by the post-fix and things.

You must understand that we old timers know and understand the forum environment. But for business owners who does not have good understanding of the forum they may not understand a thing the way we understand. For them they thought changing the name will make their business smoother on the forum so they thought to change it.

Except this, they did not have any other intention at all.

I don't know about that, but I know this new small exchanges are opening and closing faster than Usain Bolt :P
For example another similar exchange (you know about) called Jokerchange, or something like that, just renamed their ANN topic to Remove, deleted everything, locked it, and their website is not working anymore.
Their topic was created on May 30, they are gone already and they didn't post a single explanation about closing their business:
https://bitcointalk.org/index.php?topic=5498344.0

This is not a normal behavior.

Life is a challenge and any unforeseen circumstance could happen at any time, so I quote understand you even if many do not. I wonder how someone will establish an exchange with as little risk attached as yours and abandon it altogether without trying to patch things up (even with manageable challenges) if there are truly no overwhelming reasons for that. This is sincerity I see and it is better than paying "Paul with Peter's money.

I wish your investors' family a speedy financial recovery and don't forget to resume here if everything is solved.

I won't judge anyone by the general occurrence or at least what people perceive to be so. Nevertheless, do you view any reason on sight? Regulation?

If you are talking about JokerChange, then it will be hard for anyone to really know what happened, they recently came into the forum and i remember i participated in the discussion in their ANN thread.

Their rep was replying to queries from members and it looked like they were ready to make improvements in order to be more attractive to customers. So i am surprised they left this way, and their site also stopped working, it surely raises questions.

It's fine. I just hope the main investor the exchange looks up to for her success bounces back financially and his family circumstances get resolved so that ZeusMex returns strong. That being said, ZeusMex exchange owners shouldn't rely on and stay put until when their top investor bounces back before they think of running for the success of the exchange to bring it to the limelight. Underground marketing for other investors should be indirectly going on before the top investor recovers back from his finances and family circumstances that weigh him down

AB de Royse777 as their advisor on the forum, you should suggest to ZeusMEX, maybe it's the right time to lock this thread. Obviously, there is no point in discussing this service. It's over and we need to move on.
There is no point in guessing when the service is offline and if it ever starts again, it is easy to unlock the thread again and restore it where it left off.

JokerChange PMed me before deleting that topic and was talking about how to develop the service and the best suggestions so perhaps they will redesign the exchange, but in any case there is no relationship between them and ZeusMEX.

+1