Review on CHAOEX by LUIS RIVERO R
This exchange meets all the characteristics of a scam.
At the date of publication of this review, your website is out of service and in some sites it can be confirmed that it has not been available since May 2020, due to its sudden disappearance, we can conclude that this service is closed.
This exchange was located in Hong Kong, it had a list of small cryptocurrencies especially the most popular ones, it had an investment program of 12% per year by blocking its CHEX token, it is important to recognize that the users who invested in this system lost their funds.
A red flag in an exchange is its methods of deposit and personal verification, we will be able to show that deposits were not accepted in fiat directly or withdrawals, in addition this project made a change of location in some opportunities something that draws attention since it possibly never had a real physical address.
In different threads of reddit there are reports of possible scam since during 2019 he was offline on several occasions for no apparent reason.
In general, I am no longer available without any prior notification, for this reason I conclude that it was a scam and its release was in January 2020.
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Pros
- Nothing
Cons
- No volume reported in the last months.
- His official twitter account was removed.
- Website out of service.
