A lot of projects from the NEO ecosystem urged users to withdraw funds from the Bitpaction exchange in the light of the growing number of disturbing signs and lack of feedback from its management. Bitpaction supports several NEP5 tokens, including Master Contact Token (MCT), Bridge (TOLL), Orbis (OBT), Narrative (NRVE), Travala (AVA), and Loopring (LRN). This is written by NeoNewsToday.
One of the first to notice the problem was the team of the Master Contract Token, which wrote in Twitter on July 2 that the administration of Bitpaction does not show activity in the Telegram channel and Twitter for several days.
From that moment the situation only worsened. Bitpaction stopped accepting deposits and raised fees for withdrawing funds. Commission for the withdrawal of bitcoin rose from 0.001 to 0.01 (over $ 65). Commission for the conclusion of NEO, which, according to the information page, is displayed for free, now is 0.5. The output of Travala tokens costs 500 AVA (against 20 AVA in the past).
In addition to growing commissions, there are also problems with the processing of applications themselves. Users with varying degrees of success output tokens TOLL and report that they can not output MCT at all.
As of July 9, projects and users continue to report a lack of communication with the support and management of the exchange. Many people assume that Bitpaction is trying to get more money from its users before closing it.
Projects Bridge Protocol, Narrative, Travala and Orbis individually recommended that users withdraw funds from the Bitpaction exchange.