https://cointelegraph.com/news/exchange-demands-users-return-bitcoin-bought-for-6k-during-tech-glitch?utm_source=Telegram&utm_medium=socialTheir statement:
“It’s very understandable that a lot of users will feel upset they were able to buy what they thought an order was there for Bitcoin at very low prices. But unfortunately, the underlying Bitcoins were never in the possession of the exchange, so there’s never really anything there to be bought or sold.”
If they're selling BTC that is not in their possession, then their exchange is a Scam/Fraud (inflating what's not really in their exchange).
If some endusers were able to transfer btc to their personal wallet, then the statement isn't true. You can't fake a bitcoin that gets transferred to your wallet.
This should be thoroughly investigated and audited by BSP and SEC. How much crypto does PDAX really have in their possession?
Let's just wait for the BSP's result of investigation, but for those who bought at that very cheap price are sure already enjoying the profit. I'm not sure kung kaya pang ibalik nila ang na purchase na, especially kung nagastos na, kung required man ibalik ng BSP sa exchange, hindi siguro immediately dahil hindi naman kasalanan ng trader, opportunity nakita nila kaya grab agad, kahit sino naman siguro.
Dapat dito tanggalan ng license ang PDAX, ang laking abala ng ginawa nila kung sakaling required man isauli ang btc.
Maintenance to improve or correct the system, yun pala ng glitch.
Total disappointment talaga ang PDAX, highly touted nung simula at pang tapat daw sa coins pero sumablay sila dito big time. Ngayon na drag na ang BSP at ang mga crypto users mga nakabili at hindi naka bili nung glitch nila. At since ang atensyon ay nakatututok sa kanila, for sure maglalabas na naman ng bagong regulations sa mga local exchange dyan.
