The WEX exchange may be on the verge of collapsing as trading has ground to a halt and funds have been noticed leaving the cold wallets in an attempt to sell on Binance and move on. The exchange chat draws in users attempting any type of withdrawal, and one has even issued death threats against the WEX team.

For months now, the exchange, which has only run for a year, has been viewed as unstable, not allowing withdrawals in dollars. For that reason, some users are attempting to buy Bitcoin (BTC) or Tether (USDT), possibly awaiting permission from the exchange to move the funds. This has led to BTC prices of $8,624.99, while USDT, a dollar-pegged coin, trades at $8.92.

After the withdrawal of funds was noted and reported, Binance immedi…

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