Citex - Scam exchange?

[simba]

Hi,

I have seen people complaining in the past, but I didn't want to say anything until I was sure.
I have been trading Mogwai Coin, on Citex, for the past year or so, and it always seemed odd to me that their "Latest deal" chart shows transactions happening over and under the amount I was selling or buying at, and none of those showed up in the Order book.

Now, the coin looks very alive, so I decided to play a trick.
I posted a sale order at 61 satoshi and a buy order at 60.
Everything stopped. nothing is happening. and the only way anything will - is if a real trader goes and buys any of my positions.

This is what it looks like now:

https://i.imgur.com/5uDnAnB.png

Has anyone else run into this?


Simba.

[1715683227]

1715683227

[Lafu]

So you think or say that maybe doing inside or background trading for Coins that they have on there Exchange ?

If you doing that it would be the best to move that thread into  Bitcoin Forum > Economy > Trading Discussion > Scam Accusations section !
You can do it by yourself on the left bottom corner you will see move topic click on it and move it to the section.

Do you have any proof that they doing maybe ?
Also its possible that they have trading bots and after you placed your sell and buy order they stoped because it was to high for them.

[AltcoinCash]

Thats merely a volume bot placing and filling orders by itself within the spread. Every asian exchange do this, asian traders seem to dislike exchanges without.

What I don't like about Citex is their delisting process of coins, setting high withdrawal fees and/or high limits so you are stuck with small bags until they "confiscate" them.

[simba]

So you think or say that maybe doing inside or background trading for Coins that they have on there Exchange ?

If you doing that it would be the best to move that thread into  Bitcoin Forum > Economy > Trading Discussion > Scam Accusations section !
You can do it by yourself on the left bottom corner you will see move topic click on it and move it to the section.

Do you have any proof that they doing maybe ?
Also its possible that they have trading bots and after you placed your sell and buy order they stoped because it was to high for them.

Thanks, I will move the thread ofc.

As for Citex, I can't believe its a trading bot issue, if you look at the image, both buy and sale that I placed were a lot lower, or a lot higher than current price, I specifically did it that way to make sure I was right, and if you just sit and look at any coin there you will notice that most the deals that show under "Last Deals" never showed in the order book for even a split second.

Simba.

[AltcoinCash]

As for Citex, I can't believe its a trading bot issue, if you look at the image, both buy and sale that I placed were a lot lower, or a lot higher than current price, I specifically did it that way to make sure I was right, and if you just sit and look at any coin there you will notice that most the deals that show under "Last Deals" never showed in the order book for even a split second.

Simba.

To me it looks like those orders was executed before you set your orders