Is this a scam attempt? Or Nothing to panic?

[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.

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[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.