Bitcoin.comBTCCryptocurrency ExchangeExchangesGaret GroblerIce3xLTCservice deskthird party actionstrading suspendedwithdrawal

South African Exchange Ice3x Suspends Trading After Noting Discrepancies in Balances of BTC and LTC

A South African crypto exchange, Ice3x, suspended trading on its platform on March 16 after noting discrepancies in balances of bitcoin and litecoin held on the platform. At the time of writing, the exchange had not revealed the cause of the mismatches in balances or when it expects trading to resume.
In the meantime, a report that quotes the exchange’s CEO, Gareth Grobler, adds that BTC and LTC withdrawals have similarly been suspended. However, in his statement following the suspension of trading, Grobler reveals that subsequent consultations and deliberations on the issue with its partner, Merkeleon.com, did not yield “a satisfactory conclusion.” According to Grobler, this ultimately forced the exchange to take action that is intended to protect users.
Meanwhile, as investigations into the cause of the discrepancies continue, the exchange is also urging holders of other coins to immediately withdraw. The statement reads:
Currently, clients who hold any other currency (excluding bitcoin & litecoin) on the platform will be still able to withdraw their funds. We urge you to do so as soon as possible.
Furthermore, the statement is warning that the exchange’s “domain/email/service desk” maybe become “unavailable as a result of 3rd party actions.” If that happens, Ice3x says users can still engage the exchange “via our Facebook page.”

Story continues on Bitcoin.com

Related posts
Bitcoin.comPress ReleaseSTCStudent Coin

Student Coin Already Raised Over $8.7M in STC Sale

PRESS RELEASE. To bring the crypto area one step forward, a dedicated team developed one of the most intriguing utility tokens that will forever change the way you see crypto – the STC token, available on its dedicated ICO since…
art.ioBeepleBeeple SalesBitcoin.comChristie'sChristie's AuctionDigital ArtDigital ArtistMax MooreNewsNFTNFT salesNFTsNon-fungible TokenPakSotheby'sSotheby’s Auction HouseSotheby’s Auctions

World’s Fourth Oldest Auction House Sotheby’s Joins the NFT Ecosystem With a Mysterious Artist

Following the $69 million non-fungible token (NFT) digital art auction at the world-famous auction house Christie’s, the British-founded American multinational corporation Sotheby’s is joining the NFT hype. Sotheby’s is partnering with a popular digital artist dubbed “Pak” for the NFT…
binance assetsBitcoin.comCrypto Fraudcrypto investment plansCrypto Scamsfraudulent crypto schemesguaranteed returnsregulationtexas

Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms

The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.” The regulator has found that all three platforms are…