Is this a scam attempt? Or Nothing to panic?

[bobelr]

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.

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[nxnqauff]

I see this as a complete scam. Not even considered this as scam attempt. Horrible news this morning. Luckily I don't have my coins there in that exchange. In general, coins should not be kept in the exchanges.

[DaMut]

I also agree with you, a classic thing that we used to see back then when the exchange wanted to scam their costumers and close their service.
yesterday we heard about a hack on upbit and today we are hearing idax, is it a coincidence?

[angrybirdy]

I also agree with you, a classic thing that we used to see back then when the exchange wanted to scam their costumers and close their service.
yesterday we heard about a hack on upbit and today we are hearing idax, is it a coincidence?

It's a different matter I think.
The previous issue in upbit is not the same and just a coincidence for me. Basically, the ceo of idax suddenly blocks the withdrawal and it shows clearly their intention to do something terrible towards their users. While in upbit, they release the issue of them being compromised. It's a different matter and should not be included.

[dark08]

I also agree with you, a classic thing that we used to see back then when the exchange wanted to scam their costumers and close their service.
yesterday we heard about a hack on upbit and today we are hearing idax, is it a coincidence?

It's a different matter I think.
The previous issue in upbit is not the same and just a coincidence for me. Basically, the ceo of idax suddenly blocks the withdrawal and it shows clearly their intention to do something terrible towards their users. While in upbit, they release the issue of them being compromised. It's a different matter and should not be included.

I agree to you the incident that happen to upbit are bit different to this idax if you read the article you will noticed that this problem will appear as another scam attempt. I dont know but the scam/hacked in the market right now are too many in that case this will bring impact to bitcoin price.

[tiang_tower]

I see this as a complete scam. Not even considered this as scam attempt. Horrible news this morning. Luckily I don't have my coins there in that exchange. In general, coins should not be kept in the exchanges.

True, idax exchange is very often considered to be deceptive, so many traders who do not like this idax exchange, but if there is news like this, it is very fix if they want to cheat many people in cryptocurrency.

[biddicoin]

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

[crazy-pilot]

I just read a topic about stealing $50 million of Ethereum from the Upbit exchange. Now I read about it, what the hell is going on? I think this will be a big blow to the crypto market. What will happen next?

[drlukacs]

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.

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.
 

Everyone has been encouraged to use cold wallets to store coins. This is one of the best ways we can keep the security of our assets in a market full of scams and hidden hackers. Besides, we should never deposit our money into such exchanges. IDAX has had many allegations of fraudulent IEO projects and before that it was impossible to withdraw, ... so the experience is that when you hear such news, you should never use it. It is very risky.

[Lance203sin]

Another one problem with exchange in this year. More than 15 already?

[Doell]

the exchange industry has been hit once again it hurts to see news like this when the market is vulnerable my estimation will be the bad part when ether thrown away to usd later ,obviously scam by bringing in funds so large that other companies engaged in the erc industry too will also be devastated

[safari88]

yesterday we heard about a hack on upbit and today we are hearing idax, is it a coincidence?

i think this case is different from the upbit because on upbit that exchange got hacked and they will replace the user funds with their funds,
while on idax case is caused because of the CEO and their staff so it's totally different

[bobelr]

I see this as a complete scam. Not even considered this as scam attempt. Horrible news this morning. Luckily I don't have my coins there in that exchange. In general, coins should not be kept in the exchanges.

Hehehe lucky you. Many of my friends were lucky too.

[bobelr]

I also agree with you, a classic thing that we used to see back then when the exchange wanted to scam their costumers and close their service.
yesterday we heard about a hack on upbit and today we are hearing idax, is it a coincidence?

Time to move your funds from exchanges. For Binance to get hacked, I will never trust exchanges with my token again.

[bobelr]

Another one problem with exchange in this year. More than 15 already?

I guess that is a new way of making it big in crypto. Exchanges now cook up scam soups making people drink conveniently.

[bobelr]

the exchange industry has been hit once again it hurts to see news like this when the market is vulnerable my estimation will be the bad part when ether thrown away to usd later ,obviously scam by bringing in funds so large that other companies engaged in the erc industry too will also be devastated

But I can't comprehend why we still fall for exchanges.

[bobelr]

yesterday we heard about a hack on upbit and today we are hearing idax, is it a coincidence?

Do I guess there is no saving grace if it turns out to be what was displayed to the public by the IDax blog. Who should we then hold responsible? I am worried for those with huge funds in there.

i think this case is different from the upbit because on upbit that exchange got hacked and they will replace the user funds with their funds,
while on idax case is caused because of the CEO and their staff so it's totally different

[Genemind]

If you are doubting about this thing then it's better to move your funds to a better exchange or in a secured wallet as early a possible. This occurrence on such exchange is really suspicious so we have to do something before it's too late. I have tried using Idax before and there were really lots of lapses. There are still lots of exchanges that you can trust despite all the issues that exchanges are now facing.

[bobelr]

I just read a topic about stealing $50 million of Ethereum from the Upbit exchange. Now I read about it, what the hell is going on? I think this will be a big blow to the crypto market. What will happen next?

It's so disappointing and disheartening to see things like this recurring in crypto space. Maybe bittrex, kucoin, gopax or which, will be the next. I encourage everyone to revert to using non-custodian wallet. Let's not be a victim anymore.

More reason we crave for Decentralization.

[Rodeo02]

I also agree with you, a classic thing that we used to see back then when the exchange wanted to scam their costumers and close their service.
yesterday we heard about a hack on upbit and today we are hearing idax, is it a coincidence?

 i don't think it's just a coincidense they make at as a  plan since the start of that  exchange  . And because of continue bear market and they dont earn profit in that exchange so they decided to run users money.
The upbit hacking that was unexpected but the idax i think they do it for money.

[bobelr]

If you are doubting about this thing then it's better to move your funds to a better exchange or in a secured wallet as early a possible. This occurrence on such exchange is really suspicious so we have to do something before it's too late. I have tried using Idax before and there were really lots of lapses. There are still lots of exchanges that you can trust despite all the issues that exchanges are now facing.

I really do not have my funds on IDAX anymore. I was lucky to get out weeks ago and moved it to atomic wallet.
But now I'm worried for other users since withdrawal is not possible for now. This is because the cold wallet where cryptocurrencies on IDAX are kept is not accessible.

[Furious 7]

I have been suspicious of IDAX exchanges for a long time at that time there were indeed many fake volumes there and a lot of IEO funds have been swallowed by it, here IDAX CEO decided to deactivate their withdrawals on the grounds of a sudden situation why the CEO did not explain this happened so more trust for users.

[Mia44]

Are all exchanges working the same way as IDAX? All user assets are held by one person and when this person disappears, all assets also disappear? I remember the Canadian cryptocurrency exchange, QuadrigaCX, was also unable to access the wallet containing millions of dollars because the operator died suddenly.

[target]

Is IDAX operating in China that authorities caught them?

Are all exchanges working the same way as IDAX? All user assets are held by one person and when this person disappears, all assets also disappear? I remember the Canadian cryptocurrency exchange, QuadrigaCX, was also unable to access the wallet containing millions of dollars because the operator died suddenly.

Yep remind me of that Canadian exchange too. Users even find it hard to believe he is really dead and that he is just somewhere else. This IDAX will just be another scam in crypto and they are going to pile up while more exchanges were developed since last year and up to this day there are exchanges being developed.

[coin-investor]

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.

Yes, it is indeed an exit scam, the authorities should now take over the case and get after the CEO,  I don't think he can run away even if he has huge money, the world is small and it will be smaller for him now, soon a warrant and a bounty will be put to his head.
Time and again we cannot trust exchange wallet, and this is not the last thing that it's going to happen, either hackers or CEO will steal the coin you store in your exchange.

[Insomnia family]

Maybe using a decentralized wallet is a very appropriate choice considering many cases that occur in projects such as idax, of course it will be very detrimental for us if we do not have time to make withdrawals when there are cases like that, of course with such notice a crisis of confidence will occur on idax so many people will switch to not using it anymore.

[kro55]

From there official blog  

Since we have announced the announcement on November 24, IDAX Global CEO have gone missing with unknown cause and IDAX Global staffs were out of touch with IDAX Global CEO.

For this reason, access to Cold wallet which is stored almost all cryptocurrency balances on IDAX has been restricted so in effect, deposit/withdrawal service cannot be provided.
Source

Lets hope its not a scam and CEO show up very soon. But incidence like this are certainly not good for crypto exchanges.

[bitvalak]

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.

It's better to wait for clarification from IDAX, because there could be an internal problem or a system repair is happening. If they have lost their funds in the account you can be sure it is fraud.
Because usually if withdrawal access is restricted, there must be an improvement in the system that calls on customers not to make transactions in and out so as not to avoid funds suddenly disappearing. Usually it happens like that.

[Bananington]

It's crystal clear that IDAX has exited scam already, no two ways about it. What baffles me is the story line, as though they are telling kids in kindergarten lol. The CEO is missing haha.  Well, it's a general lesson go those using centralized exchanges as alternatives to their personal wallet.  I pity those who actually left funds on IDAX for trading purposes.

[Febo]

I also agree with you, a classic thing that we used to see back then when the exchange wanted to scam their costumers and close their service.
yesterday we heard about a hack on upbit and today we are hearing idax, is it a coincidence?

Time to move your funds from exchanges. For Binance to get hacked, I will never trust exchanges with my token again.

Binance was hacked few months ago. 7000 BTC was stolen. Big question is, did they rebuy what was lost or they just hope all will be fine.

[dataispower]

It's crystal clear that IDAX has exited scam already, no two ways about it. What baffles me is the story line, as though they are telling kids in kindergarten lol. The CEO is missing haha.  Well, it's a general lesson go those using centralized exchanges as alternatives to their personal wallet.  I pity those who actually left funds on IDAX for trading purposes.

Does it mean IDAX is not registered in their jurisdiction and has been operational, even attending blockchain and crypto events? Can't the CEO be followed up by the authorities? This is why we need regulations to come, things like this are highly astonishing.  Why didn't the CEO elope with the cold wallet ever since, why now? Or probably he met his target to exit scam. Stuff like this keep painting crypto red, giving it a negative tag especially to newbies who plan to hold some crypto.

[kissme09]

eww, another scam though. that's why I rarely keep my coins on exchanges, cause I'm not the one keep private key though.
I often transfer to my mobile wallet (IMtoken is what I'm using). and never lost any penny since then/

[bigcash2011]

There were already some red flags and suspicion alerts by fellow forum members and i am really thankful to them as i skipped this exchange because of the scam warning of the forum members, for newbies i will also suggest not to transfer their coins in any new, un-reputed or exchanges with allegations from members this is just to save yourself from shocking situations although risk is everywhere but we need to protect ourselves as much as possible.

[cryptonewbie]

I can imagine how traders with funds on IDAX would be panicking by now. It is no surprise that the CEO is in the process of an exit scam. We can't say why because I feel IDAX is one of the average big exchanges out there. Stuff like this happening will always scare off big investors from venturing into crypto

[Mianae]

Despite how sad this is, but it's really true IDAX has admitted the CEO vanished with the funds in a cold wallet its scary what this space faces daily.

[krb91]

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?

[aemma]

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.

[rdewilde]

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.

[Mila52]

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.
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.

[Chuky92]

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.

[reallester]

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.

[huu78]

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.

[tenakha]

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.

[cytpoway121]

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

[Hypnosis00]

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.

[Baofeng]

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?

[JeffBrad12]

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.

[Aabcde]

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.

[fuer44]

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.

[ajiz138]

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?

[Amel]

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.

[celot]

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.

[dragon695]

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.

[Bitbtc8]

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

[Stanlo]

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

[fortunecrypto]

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.

There have been a lot of bad reports on IDAX that is why I stopped using them and I have no choice but to dump tokens that I have that can only be traded there when an exchange is not addressing issues and they are giving bad support, sooner or later they will do an exit scam, people should always get an update once they see bad reports about that exchange.

[Lantind]

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

Not only on the CMA team, but on other project teams there have also been battles with the idax exchange parties, because of that the reputation of the idax exchange has declined in the eyes of exchange users, because idax always tries to deceive anyone.

[nanaimogold]

It is not just a scam attempt but a well executed scam from the IDAX team. Only criminals abscond with funds kept in their care and thats what IDAX CEO did as comfirmed by other members of the team. Funny enough, the signs have been there since quarter one of this year which was given by project platform cry outs on how the exchange renegades on agreements

[Emilyearl]

It calls for panic because its most probably a scam attempt or better still its a scam. IDAX exchange has been here for long for CEO to run with funds, it's a scam project team members should be able to identify where he is because someone must be in close contact with him. He can't pull the scam stunt alone someone else is aware of this.

[Kiefner]

Yes, it all looks like a scam. In addition, this once again shows us that you should not trust even the most reliable exchanges. Sooner or later, any of them can be hacked. And everyone should know that you need to store your funds only on wallets, where only you have access to them.

[Litzki1990]

I just read a topic about stealing $50 million of Ethereum from the Upbit exchange. Now I read about it, what the hell is going on? I think this will be a big blow to the crypto market. What will happen next?

Their was always a bad news we read or heard in crypto about hacking and scam problem. In the past days we are worried in etherium because the hacker steal a big amount of money and now we read again about IDAX for suddenly missing of CEO. Maybe they have next problem again will be begin but we hope will not happen because need to earn more in crypto.

[InwardContour]

I have been saying it, most of the hacks we have been experiencing aren't actually outside hack but inside job and been disguise as exchanged been hacked. This new isn't new and won't be the last we'll be hearing such news of CEO running away with traders fund but they only thing you can do is to avoid been a victim by not storing your coins on exchange. Exchange should only be used foe trading and not as wallets. It's a purely a scam attempt.

There are claims that some exchanges cook up their own hacks just to evade tax or for scam reasons. However, I like your point stating we all should only use exchanges for trading, and not as wallet for storing coins (especially for long term). Unfortunately, sometimes you can be victimized no matter how careful you are, a friend who is a pro-trader got affected by this IDAX scandal, he just wanted to trade and withdraw his funds but fell prey in the process.

[lunnatic]

I have been saying it, most of the hacks we have been experiencing aren't actually outside hack but inside job and been disguise as exchanged been hacked. This new isn't new and won't be the last we'll be hearing such news of CEO running away with traders fund but they only thing you can do is to avoid been a victim by not storing your coins on exchange. Exchange should only be used foe trading and not as wallets. It's a purely a scam attempt.

There are claims that some exchanges cook up their own hacks just to evade tax or for scam reasons. However, I like your point stating we all should only use exchanges for trading, and not as wallet for storing coins (especially for long term). Unfortunately, sometimes you can be victimized no matter how careful you are, a friend who is a pro-trader got affected by this IDAX scandal, he just wanted to trade and withdraw his funds but fell prey in the process.

really makes us worry, even though IDAX has become a comfortable trading place, my friend has 11 eth there and he must be willing to lose,
I don't know going forward, this is a bad image for crypto currencies,

[Rosilito]

I just read a topic about stealing $50 million of Ethereum from the Upbit exchange. Now I read about it, what the hell is going on? I think this will be a big blow to the crypto market. What will happen next?

Problem are occurring one after another. Anyway the two issues are both different but it is just sad to know tons of people who pay effort to earn such money, and it will be getting away by just a greedy man. Having him in jail and paying huge amount of money for his punishment isn't enough because it causes a lot of panic, and it block people specially those who urgently need the money for a specific circumstances. That is why I don't trust centralized stuff, because authorities may turn its back on us.

[dirgayeah]

exactly every ppl which has a huge fund on there will get a heart attack if they know this. so the big question from me.
why they still trust centralized exchange to store all their funds? and as coinmarketcap view, the volume was $800 million in a past day.
just learning from MT-GOX case, when the biggest exchange in that era also can be a big scammer for us. or maybe they try to run away from a TAX bill? 

[starblocks]

That was quite fortunate for you, but not everyone is so lucky, and this is a problem many day traders face when they trade cryptocurrencies on exchanges that aren't regulated and compliant and have the right safeguards in place like insurance for customer funds so be careful of where you choose to trade

[lepbagong]

That was quite fortunate for you, but not everyone is so lucky, and this is a problem many day traders face when they trade cryptocurrencies on exchanges that aren't regulated and compliant and have the right safeguards in place like insurance for customer funds so be careful of where you choose to trade

Agree with you, that not many people get luck from the problems that will occur but can be solved. because there have been many incidents and it seems to have become routine there is better to look for those that have indeed been tested and many become references. because we can not avoid the actions that like to cheat other than we reduce by not arbitrarily determine something.

[Eugenar]

Basically they will not do it in a sudden, they will take the steps slowly and the fact that the their CEO is missing is already a sign that there will be a fishy actions that will follow that event. I highy suggest taking out the funds from the exchange and keep it somewhere safe. We couldn't really trust some exchange, maybe they provide us with good service but in the end, their real plan will come out and take our funds away. Use some centralized exchange if you want better security. Prefer those that have a top reputation in the market.

[Xxmodded]

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.

Not respond from IDAX exchange owner I think have to panic because have potential to IDAX become scam, how ever right now can't withdraw fund again and owner of IDAX have gone, maybe just waiting several days later for formal announcement of IDAX become scam exchange market to public, you have update news when available for withdraw on IDAX keep withdraw your assets.

[Serco]

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.

Not respond from IDAX exchange owner I think have to panic because have potential to IDAX become scam, how ever right now can't withdraw fund again and owner of IDAX have gone, maybe just waiting several days later for formal announcement of IDAX become scam exchange market to public, you have update news when available for withdraw on IDAX keep withdraw your assets.

this case will make cryptocurrency investors affraid again. Previous case not solved yet and now occur new  case again. Hopefully official announcement will be good news for idax customer and crypto community.  In my opinion there are other people that hold key , so if CEO gone there are person that could save this exchange.. Atleast  three person that hold key , single person really makes us worry if exchange lost their CEO.

[LouVandetta]

It's kinda different from other news where other exhcanges got hacked, but this one here is because the CEO has gone missing. It's pretty much a scammed.
Kinda feel bad for the users that still has their funds over the exchanges and they have already restricted any transaction whether it's deposit/withdrawal. Will they cover the losses of their users? We'll have to wait for more update from them, in case they found the CEO that has gone missing that only God knows their whereabout.

[Enzo05]

I received a particular email about it as well where CEO is missing and they locked the cold wallet. Good thing I already removed my assets there a month ago which is combination of my invest and friends it's a total of $4000 in total.

[o48o]

I mean why it wouldn't it be an exit scam?! Look at the history of crypto exchanges exit scams and there are so many i can't even find all of them having a mention online.
What ever it turns out to be i am pretty sure that the money is gone.

[imstillthebest]

I received a particular email about it as well where CEO is missing and they locked the cold wallet. Good thing I already removed my assets there a month ago which is combination of my invest and friends it's a total of $4000 in total.

oh ? wow thats pretty huge amount of sums  .

good thing that you already pulled it out becuase its not only your money but its also your friend but good for that exchange because they still keep on updating thier costumer if ever there are problems . that only shows that they are legit imo because if they are scam , they will just exist automatically before everyone know's  .

on your case there is no need to panic yet but its also better to be safe than sorry  .

[Baby Dragon]

I have been saying it, most of the hacks we have been experiencing aren't actually outside hack but inside job and been disguise as exchanged been hacked. This new isn't new and won't be the last we'll be hearing such news of CEO running away with traders fund but they only thing you can do is to avoid been a victim by not storing your coins on exchange. Exchange should only be used foe trading and not as wallets. It's a purely a scam attempt.

Well said, sometimes they are taking advantage on the trust that was given to them to get the benefits they wanted. They keep on hiding the real story to the point that it's unrecognizable and that is the reason why it is difficult to trust those issues because you can't easily say if it's true or not unless they have finally said it. We have to be more careful these days when it comes to exchanges, we have to be more cautious because you don't want your funds to be wasted for nothing. It's sad to see that some people's time and effort to earn those money was gone that's why we have to be wise on choosing an exchange.

[Bitbtc8]

Its a scam exit and its nothing to worry about if you have no fund on the exchange though, this will make people see reason why dex is the better option, idax is gone and not coming back

[Reid]

Is it a sad story or just a normal one?
There have been a of cases like this. Just different kind of story.
They got hacked or they got back stabbed by another employee. Something like that.
It is all the same for me. They just need a reason to make money. They might be in a bad situation in financial needs and they need an exit.
This is just the way. The only way.

[miklesm]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

[Republikcoin.com]

Is it a sad story or just a normal one?
There have been a of cases like this. Just different kind of story.
They got hacked or they got back stabbed by another employee. Something like that.
It is all the same for me. They just need a reason to make money. They might be in a bad situation in financial needs and they need an exit.
This is just the way. The only way.

of course, this is a sad story. although idax is not very popular, but it is also a place of commerce for some people. this causes many people who come back to do not believe in cryptocurrency. like any type of exchanger, this news will get to international news and carry the name cryptocurrency in it. isn't that a bad thing when they use cryptocurrency for their greed. I hope Idax's CEO will be found soon.

[Google+]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

indeed if you have never used a new place of exchange it is better you can find the information first and as much as possible to remain vigilant if you want to trade in an exchange place that still does not have a good reputation, it's better to trade at an exchange that has been proven to have a high security guarantee.

[MiniMountain]

Is it a sad story or just a normal one?
There have been a of cases like this. Just different kind of story.
They got hacked or they got back stabbed by another employee. Something like that.
It is all the same for me. They just need a reason to make money. They might be in a bad situation in financial needs and they need an exit.
This is just the way. The only way.

You were right, IDAX have made their exit scam strategy because I find it kinda strange for a CEO to just vanish with all the funds and saying that the other team members has nothing to do with it. There is something more with their story but this is a total scam and I feel sorry for those who have lost their funds on that shit exchange.

[EdvinZ]

Centralized exchanges are more reminiscent of the fraudulent projects. I think people are already tired of unregulated cryptocurrency exchanges that suddenly shut down and block users funds. This is pure fraud. The site is still working, trading is underway, but, as noted in the article for November 29, the input and output of funds is not available.

[ajiz138]

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.

If this case is left too long, then this case will just disappear. Someone must investigate this case thoroughly to find out the motives of the CEO of IDAX. IDAX's competitiveness with other platforms may be the reason why IDAX's CEO disappeared. Choosing to run away and take all the assets of IDAX users the right way to overcome the losses that IDAX experienced.

[bobelr]

I see this as a complete scam. Not even considered this as scam attempt. Horrible news this morning. Luckily I don't have my coins there in that exchange. In general, coins should not be kept in the exchanges.

Pretty lucky you

[bobelr]

Is it a sad story or just a normal one?
There have been a of cases like this. Just different kind of story.
They got hacked or they got back stabbed by another employee. Something like that.
It is all the same for me. They just need a reason to make money. They might be in a bad situation in financial needs and they need an exit.
This is just the way. The only way.

So disheartening

You were right, IDAX have made their exit scam strategy because I find it kinda strange for a CEO to just vanish with all the funds and saying that the other team members has nothing to do with it. There is something more with their story but this is a total scam and I feel sorry for those who have lost their funds on that shit exchange.

[bobelr]

Is it a sad story or just a normal one?
There have been a of cases like this. Just different kind of story.
They got hacked or they got back stabbed by another employee. Something like that.
It is all the same for me. They just need a reason to make money. They might be in a bad situation in financial needs and they need an exit.
This is just the way. The only way.

of course, this is a sad story. although idax is not very popular, but it is also a place of commerce for some people. this causes many people who come back to do not believe in cryptocurrency. like any type of exchanger, this news will get to international news and carry the name cryptocurrency in it. isn't that a bad thing when they use cryptocurrency for their greed. I hope Idax's CEO will be found soon.

I wish I could build some kinda of bot or robot that finds people and catch them wherever they may hide. He needs to pay for it if he truly absconded.

[bobelr]

Centralized exchanges are more reminiscent of the fraudulent projects. I think people are already tired of unregulated cryptocurrency exchanges that suddenly shut down and block users funds. This is pure fraud. The site is still working, trading is underway, but, as noted in the article for November 29, the input and output of funds is not available.

I think the unaware ones are still allowed to fall victim of depositing if truly the site is open for trade. But I learnt withdrawal is not possible for now. So bad.

[bobelr]

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.

If this case is left too long, then this case will just disappear. Someone must investigate this case thoroughly to find out the motives of the CEO of IDAX. IDAX's competitiveness with other platforms may be the reason why IDAX's CEO disappeared. Choosing to run away and take all the assets of IDAX users the right way to overcome the losses that IDAX experienced.

That would be the worst mistake he ever made. How can he attempt that? Why people heartless?

[ajeef]

Centralized exchanges are more reminiscent of the fraudulent projects. I think people are already tired of unregulated cryptocurrency exchanges that suddenly shut down and block users funds. This is pure fraud. The site is still working, trading is underway, but, as noted in the article for November 29, the input and output of funds is not available.

I think the unaware ones are still allowed to fall victim of depositing if truly the site is open for trade. But I learnt withdrawal is not possible for now. So bad.

Feels bad for you, i think it's already the time for decentralized exchanges to shine because people should have to use decentralized exchanges to avoiding an exit scam exchange. More over dex is more "crypto" and the place for crypto trading should be.

[bobelr]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

But Binance was hacked this year. But it gained its stance because it is a top crypto exchange, bigger one for the matter. Binance suffered huge amount of loss by taken up the burden from the exchange's treasury.

[bobelr]

Centralized exchanges are more reminiscent of the fraudulent projects. I think people are already tired of unregulated cryptocurrency exchanges that suddenly shut down and block users funds. This is pure fraud. The site is still working, trading is underway, but, as noted in the article for November 29, the input and output of funds is not available.

I think the unaware ones are still allowed to fall victim of depositing if truly the site is open for trade. But I learnt withdrawal is not possible for now. So bad.

Feels bad for you, i think it's already the time for decentralized exchanges to shine because people should have to use decentralized exchanges to avoiding an exit scam exchange. More over dex is more "crypto" and the place for crypto trading should be.

You hit it. More reason I recommend Atomic wallet to friends after a friends told me. But right now, I do not really need to visit any centralized exchange to exchange my assets. If need be, I'll only need someone to recommend a good Dex for me for any new tokens not yet available on Atomic wallet.

[bitkanu]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

It's confirmed as a scam exchange site and not only investors and traders who have already scammed by some ICOs developers too. So many times people got awareness if idex has a big chance to be the next scam project and that is happening right now. This is a very bad thing and i hope the scammer will be jailed asap.

[posi]

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.

If this case is left too long, then this case will just disappear. Someone must investigate this case thoroughly to find out the motives of the CEO of IDAX. IDAX's competitiveness with other platforms may be the reason why IDAX's CEO disappeared. Choosing to run away and take all the assets of IDAX users the right way to overcome the losses that IDAX experienced.

With the news about the IDAX CEO gone missing spread like wildfires the case will not disappear and the authority will definitely intervene in the situation. However, exchange site like kraken usually place a bounty prize for the solution finder of this kind of situations.
With that been said, I saw a couple of posts which advice people not to use small/unpopular exchanges but that's not the solution because all the exchange are actually the same and the right thing is to small coins on exchange site.

[awakpane]

In my opinion, the disappearance of IDAX's CEO can be identified as fraud. because if IDAX isn't a con artist it's impossible for the IDAX CEO to run away. Moreover, IDAX Exchange has a lot of people trading there.

[Landak]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

I have used IDAX exchange but that was then if now it is no longer. wow, after upbit (hacked), then IDAX (CEO has gone missing with unknown causes), again drama, for this one I am very sure IDAX will definitely end scam, this reminds me of cryptopia, although it's a different case but it ends in a scam.

[topbitcoin]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

I have used IDAX exchange but that was then if now it is no longer. wow, after upbit (hacked), then IDAX (CEO has gone missing with unknown causes), again drama, for this one I am very sure IDAX will definitely end scam, this reminds me of cryptopia, although it's a different case but it ends in a scam.

I think there are a lot of big market with their list of altcoins that we can trade. Not means that i said new market like who just come or maybe not really big like Binance, or Bittrex, that kind of exchanges we should more careful with it. Maybe if use that kind of exchange for example cryptopia, i only use to sell tokens that i only can sell in there, but for regular trading that make us save our assets in there for a days, better to pick exchange that already have reputation.

[monineklutak]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

I have used IDAX exchange but that was then if now it is no longer. wow, after upbit (hacked), then IDAX (CEO has gone missing with unknown causes), again drama, for this one I am very sure IDAX will definitely end scam, this reminds me of cryptopia, although it's a different case but it ends in a scam.

I think there are a lot of big market with their list of altcoins that we can trade. Not means that i said new market like who just come or maybe not really big like Binance, or Bittrex, that kind of exchanges we should more careful with it. Maybe if use that kind of exchange for example cryptopia, i only use to sell tokens that i only can sell in there, but for regular trading that make us save our assets in there for a days, better to pick exchange that already have reputation.

very true, it is too risky even though IDAX has a large volume, and is well known by traders, it does not guarantee your assets will be safe,
Bittrex, Binance can be like IDAX, but the risk is small, because they are already trusted, but it is better to keep it in your wallet personally not exchange

[Edraket31]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

I have used IDAX exchange but that was then if now it is no longer. wow, after upbit (hacked), then IDAX (CEO has gone missing with unknown causes), again drama, for this one I am very sure IDAX will definitely end scam, this reminds me of cryptopia, although it's a different case but it ends in a scam.

I think there are a lot of big market with their list of altcoins that we can trade. Not means that i said new market like who just come or maybe not really big like Binance, or Bittrex, that kind of exchanges we should more careful with it. Maybe if use that kind of exchange for example cryptopia, i only use to sell tokens that i only can sell in there, but for regular trading that make us save our assets in there for a days, better to pick exchange that already have reputation.

very true, it is too risky even though IDAX has a large volume, and is well known by traders, it does not guarantee your assets will be safe,
Bittrex, Binance can be like IDAX, but the risk is small, because they are already trusted, but it is better to keep it in your wallet personally not exchange

This has been an indication and proven that we should not trust crypto exchange too, no matter how much large their volume is, no matter how much fame they do have, how much legal they complied in their government still we shouldn't trust at all, and don't ever leave your money or assets there, look what happened to IDAX, in just a blink of an eye your hard earned money has gone easily.

[spadormie]

Idax is a shady exchange. It managed to get a lot of money from the projects that are being held on their platform. Best to stay away with this exchange. They probably got a lot of money and tp out.

[Katashi]

Idax is a shady exchange. It managed to get a lot of money from the projects that are being held on their platform. Best to stay away with this exchange. They probably got a lot of money and tp out.

Well with the recent news, I think that crypto people will avoid IDAX exchange because they already ruined their reputation and no one is trusting them now. The CEO disappearance is a very strange story and I don't believe that the team is not involved in the missing assets.

[Dalmar]

Idax is a shady exchange. It managed to get a lot of money from the projects that are being held on their platform. Best to stay away with this exchange. They probably got a lot of money and tp out.

Well with the recent news, I think that crypto people will avoid IDAX exchange because they already ruined their reputation and no one is trusting them now. The CEO disappearance is a very strange story and I don't believe that the team is not involved in the missing assets.

The inside job looks like the best scenario based on the given facts, it is not as easy as it has shown by the team. The disappeared CEO is the biggest mystery of this exchange and many investors lost their confidence towards similar exchanges after the mentioned case. Their reputation is ruined by themselves, the crypto fraud is not welcome by the community.

[KillerInk]

This information is making us all bewildered. I don't know if this is accurate but from what I know, it seems to scare people. whatsapp group, CEO of IDAX, suddenly went missing. It was incredible.

[SolarWindMiningCompany]

Idax is a shady exchange. It managed to get a lot of money from the projects that are being held on their platform. Best to stay away with this exchange. They probably got a lot of money and tp out.

Well with the recent news, I think that crypto people will avoid IDAX exchange because they already ruined their reputation and no one is trusting them now. The CEO disappearance is a very strange story and I don't believe that the team is not involved in the missing assets.

The inside job looks like the best scenario based on the given facts, it is not as easy as it has shown by the team. The disappeared CEO is the biggest mystery of this exchange and many investors lost their confidence towards similar exchanges after the mentioned case. Their reputation is ruined by themselves, the crypto fraud is not welcome by the community.

Certainly a scam and a well perpetrated one because I am sure it has been planned by the CEO and some top executives of the IDAX exchange. It lends more credibility to the news or rumors going round that some of these exchanges fake hacks to evade tax or scam its community. Goin further, the cryptocurrency community should be pushing for lasting measures to curb these ugly incidents which bedevio the market

[traducteurTor]

In my opinion, this is not a fraudulent attempt. but we should also be vigilant and extra careful. The use of the wallet is in its own opinion but in my opinion you should consult with friends and experts.

[royalfestus]

I also agree with you, a classic thing that we used to see back then when the exchange wanted to scam their costumers and close their service.
yesterday we heard about a hack on upbit and today we are hearing idax, is it a coincidence?

it makes it easy to believe that most of the scam are inside Job, this time is the CEO and was revealed. I dont believe in any scam again most especially the exchange hack, the Upbit hack should be investigated. Everyone was complaining recently when the Chinese government was going after those exchanges but I think we know better now.

[#Darren]

They have frozen IDAX exchange token trading without any announcement, a lot of deposits have not arrived, a bunch of withdrawals is still pending, so I definitely think that IDAX got scammed, try your luck and get away from it.

[topbitcoin]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

I have used IDAX exchange but that was then if now it is no longer. wow, after upbit (hacked), then IDAX (CEO has gone missing with unknown causes), again drama, for this one I am very sure IDAX will definitely end scam, this reminds me of cryptopia, although it's a different case but it ends in a scam.

I think there are a lot of big market with their list of altcoins that we can trade. Not means that i said new market like who just come or maybe not really big like Binance, or Bittrex, that kind of exchanges we should more careful with it. Maybe if use that kind of exchange for example cryptopia, i only use to sell tokens that i only can sell in there, but for regular trading that make us save our assets in there for a days, better to pick exchange that already have reputation.

very true, it is too risky even though IDAX has a large volume, and is well known by traders, it does not guarantee your assets will be safe,
Bittrex, Binance can be like IDAX, but the risk is small, because they are already trusted, but it is better to keep it in your wallet personally not exchange

This has been an indication and proven that we should not trust crypto exchange too, no matter how much large their volume is, no matter how much fame they do have, how much legal they complied in their government still we shouldn't trust at all, and don't ever leave your money or assets there, look what happened to IDAX, in just a blink of an eye your hard earned money has gone easily.

Right, no matter how big the exchange, attacker wouldn't think about it and attack site that they can. When we see Binance get attacked, it prove big exchange not guarantee our money will be safe. But if compared between exchanges, maybe bigger exchange have smaller possibility to collapse. If not want to trade and only want to save our money, pick wallet will be better.

[Zeke_23]

Personally, I have never used IDAX Exchange. It is strange to use small cryptocurrency Exchanges instead of trading on Binance or Coinbase. If to talk about this occasion with IDAX, it looks like exit scam.

I have used IDAX exchange but that was then if now it is no longer. wow, after upbit (hacked), then IDAX (CEO has gone missing with unknown causes), again drama, for this one I am very sure IDAX will definitely end scam, this reminds me of cryptopia, although it's a different case but it ends in a scam.

I think there are a lot of big market with their list of altcoins that we can trade. Not means that i said new market like who just come or maybe not really big like Binance, or Bittrex, that kind of exchanges we should more careful with it. Maybe if use that kind of exchange for example cryptopia, i only use to sell tokens that i only can sell in there, but for regular trading that make us save our assets in there for a days, better to pick exchange that already have reputation.

very true, it is too risky even though IDAX has a large volume, and is well known by traders, it does not guarantee your assets will be safe,
Bittrex, Binance can be like IDAX, but the risk is small, because they are already trusted, but it is better to keep it in your wallet personally not exchange

This has been an indication and proven that we should not trust crypto exchange too, no matter how much large their volume is, no matter how much fame they do have, how much legal they complied in their government still we shouldn't trust at all, and don't ever leave your money or assets there, look what happened to IDAX, in just a blink of an eye your hard earned money has gone easily.

Right, no matter how big the exchange, attacker wouldn't think about it and attack site that they can. When we see Binance get attacked, it prove big exchange not guarantee our money will be safe. But if compared between exchanges, maybe bigger exchange have smaller possibility to collapse. If not want to trade and only want to save our money, pick wallet will be better.

If a popular exchange will have the same situation as idax, you mean that it has a small possibility to collapse? I don't think that it will happen. If a certain populsr exchange will compromised their security, I don't think that its users will continue to use it. Even a big exchange or a small one, there is no such thing as small possibility to collapse, once it happen it will be hard to gain trust again.

[setialovers]

I think this IDAX incident is an exit scam. Many complaints and complaints about this exchanger and one of them is a number of projects that carried out IEO on the exchanger. Signs of a scam have begun to appear a few months ago and hopefully no investors will be disadvantaged in this regard

[Spider A4]

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.

I have little bit fund around 70 USDT and today morning i am going for withdraw but withdraw status is showing pending overview. IDAX.pro is clearly exist SCAM there are no doubt here because any single people can't withdraw there amount.

[albrots]

I just read a topic about stealing $50 million of Ethereum from the Upbit exchange. Now I read about it, what the hell is going on? I think this will be a big blow to the crypto market. What will happen next?

You ask what happened? this is a sad drama they made. Which aims to make the crypto market more chaotic. After Upbit then IDAX. But the effect is not very significant. The CEO of IDAX is truly a person who is desperate and does not have any forward thoughts going forward, choosing shortcuts and disappearing and carrying away a lot of money.

[xOdiumNostrumx]

I wouldn't be surprised if this would indeed be an exit scam attempt from the IDAX gang. The exchange has always had some sizable red flags and the amount of those IEOs of shitty projects held on the exchange was unreal. I would definitely transfer funds off of the exchange as a precaution, it is not worth the risk. 

[biddicoin]

This is one of type what making crypto looks bad. many exchanges already hacked until this time
it's sad, crypto wont be big if this repeatly happens.

I dont know why, there is no update in this accident.
There is no clear statement from regulations or others which related.
so, i think it is pure scam attempt

[silversurfer1958]

We have to be really pessimistic in such cases. absolutely no joke because this is a serious problem. I know that there were quite a few fraudulent exchanges but now it appears in an exchange called the top 10 volumes!
I think CMC should have more accurate data on these top exchanges because it only uses bots more than any other platform. Besides, we should not once again believe in the top exchanges that CMC recommends, we should participate in exchanges that have a large community and we can always see that the CEO of exchange is always active. I suggest it is Binance, Huobi.

[royalfestus]

We have to be really pessimistic in such cases. absolutely no joke because this is a serious problem. I know that there were quite a few fraudulent exchanges but now it appears in an exchange called the top 10 volumes!
I think CMC should have more accurate data on these top exchanges because it only uses bots more than any other platform. Besides, we should not once again believe in the top exchanges that CMC recommends, we should participate in exchanges that have a large community and we can always see that the CEO of exchange is always active. I suggest it is Binance, Huobi.

Coingecko get better assessment of exchanges and had improved on it since the year begun. Sadly, some of the centralized exchanges like binance, huobi etc may be on top of it for a long time, this is also an indication of what to expect in centralized exchanges. None of the decentralized exchanges is in the top 20 exchanges both on CMC and Coingecko, they keep losing trust of users with unattractive developments and fake volume.