South African cryptocurrency exchange Ice3x announced on 16. March suspended trading on its platform after it discovered anomalies in bitcoin and litecoin balances on the platform. At the time of writing, the exchange has not disclosed the reason for the balance sheet differences or when it expects trading to resume.
Meanwhile, a report cited by Gareth Grobler, CEO of the exchange, added that BTC and LTC withdrawals have been similarly suspended. However, in his statement after the adjournment, Mr. Grobler indicated that further consultation and discussions on this matter with his partner Merkeleon.com did not lead to a satisfactory result. According to Grobler, this eventually forced the exchange to take action to protect users.
While the investigation into the cause of the anomaly continues, the exchange is also asking holders of other coins to withdraw immediately. The statement reads as follows:
Currently, customers holding any other currency (except bitcoin and Litecoin) on the platform can withdraw their funds. We advise you to do this as soon as possible.
In addition, the statement includes a warning that the domain/email/exchange service may become inaccessible due to the actions of third parties. If this happens, Ice3x says users can still participate in the exchange through our Facebook page.
While it is unclear when normal operations will resume, Grobler assures users that he will not be leaving the country. The CEO also promises to be as transparent as possible with the public.
What do you think about the termination of Ice3x services? You can share your thoughts below in the comments section.
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