Is this a scam attempt? Or Nothing to panic?

[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.

[1714504861]

1714504861

[1714504861]

1714504861

[1714504861]

1714504861

[1714504861]

1714504861

[1714504861]

1714504861

[1714504861]

1714504861

[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.