link.png

ID:

idax-554

Date:

Status:

Incident Count:

November 29, 2019

Verified

1

info.png
target.png
REKT

Contributor:

chain.png

zerofriction.io

KYC By:

KYC:

None

info.png

Audit By:

Audits:

None

Loss Amount:

763,000,000

info.png

Recovered:

-

Rewards:

Currency:

USD, ETH

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Exchange

Assets

Scams

Extended Method:

Rug Pull

info.png

Days in Operation:

41781

(114.47 Years)

chain.png
chain.png
chain.png
chain.png
datasource.png

International Digital Asset Exchange, IDAX, an Asian crypto exchange whose users have been unable to make withdrawals since November 24, has announced that it’s CEO, who allegedly absconded with the exchange’s cold wallet is still nowhere to be found and as such, it is suspending all deposits and withdrawals indefinitely, according to a blog post on November 29, 2019. As stated in its blog post, since notifying the public on November 24, 2019, about the serious “network congestion” challenge that made IDAX unable to process customers’ withdrawal requests, founder and CEO of the platform, Lei Guorong has gone missing, taking the exchange’s cold wallet with him. The exchange reportedly carried more than $763 million in 24 hours for the past day. Since November 23, 2019, RealTract team has received a lot of negative feedback on the restricted withdrawal function at IDAX exchange. Some users could not withdraw BTC, ETH and various other coins including RET token. RealTract team has tried to contact and work with the IDAX admin and has yet to receive any response from IDAX.

info.png

DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.