Chinese Police to Take Legal Action Against EtherDelta

According to the Primite managing partner, exchange is involved in exit scam
07 August 2019   500

Chinese police, according to some reports, are investigating the activities of the decentralized exchange EtherDelta.

This was reported by Primite managing partner Dowey Wan.

She added that platform founder Zachary Coburn sold EtherDelta to a group of Chinese investors. The latter issued an EDT token, shortly after which an exit scam of the trading platform followed. Then angry investors appeared to complain to law enforcement.

She also stressed that the Chinese police are merciless to fraudsters whose actions affect the interests of a large number of retail investors.

Last November, the US Securities and Exchange Commission (SEC) indicted EtherDelta founder Zachary Coburn for managing an unregistered stock exchange.

The regulator’s statement said that the decentralized EtherDelta exchange acted as a secondary market for trading ERC-20 tokens, which the SEC considers to be “digital securities”.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   75

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."