Review on IDAX by Othere Obtentus

Name: IDAX
Item: IDAX
Rating: 1

August 10, 2020

IDAX exit scam

IDAX was one of the top 25 crypto exchanges on coinmarketcap with large trading volumes. But after a while of operation, users started to face some issues while withdrawing their funds from IDAX. They later made an announcement on their website claiming that the issues are due to high volume of withdrawal requests and requested the users to stay patient. 
All of its employees were either fired or left and the value of its platform token fell to zero. Reportedly, the CEO of IDAX ran away with the private keys of storage wallet and the founder was also out of reach.
Reports suggest that the China based trading platform pulled an exit scam although it still had an active website and social media presence.
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