Well yesterday Friday, February 22, 2019 C-cex aka Crypto Currency Exchange post this tweet:

I caught it about 4 hours after the post. I still had a small amount of coins on the exchange, so I figured it would be best to double check and withdraw any coin that could be on the list. After logging in I saw this…

As you can see every coin is being delisted. BBP is under maintenance but most likely will be removed as well. Naturally I sold all my coins and withdrew BTC successfully. They are even removing XVGCT, the in house Verge refund token that was paid out to those who suffered from the sites loss/hack of their Verge wallet *(1).

C-cex has made no announcement of their future plans. They could re-boot under a new name or perhaps this is the end. There are many people which are still owed Doge and Ltc which is still on hold from a hack earlier this year *(2). No word on these amounts, of which I am missing some funds as well.

I was successful in selling random holdings for Bitcoin and withdrawing, but I imagine there will be a run on the exchange and perhaps some people won’t be able to withdraw. So it's not an obvious exit scam. The price of BTC on the exchange has naturally jumped above market as people trade coins and USD for BTC. I wonder if the exchange is making a profit off of selling BTC above market? This would be a good was for them to do arbitrage and cash out their USD. Who knows?

I will miss this exchange I enjoyed the fast simple interface and I have been a user there since the end of 2014. This was my first exchange. The last few months have proved hard for exchanges as more and more frequent hacks have been happening. Part of me wonders if perhaps this isn’t a coordinated effort by some group to spread fear among the users of crypto.

We may never know. In the meantime keep your coins in wallets! Having your own node will keep your favourite coins safe and the benefit of growing the network.

Some previous videos I made about C-cex on Youtube:

Recent Feb 10 2019 :