Home News A post about WEX cryptocurrency exchange closure was published on Bitcointalk

A post about WEX cryptocurrency exchange closure was published on Bitcointalk

A message with claims about the final closure of the World Exchange Services (WEX) cryptocurrency exchange popped up on Bitcointalk forum.

It is explained in the post that WEX crypto exchange is closing due to an intractable conflict between the exchange owners and administrators:

“WEX exchange is closing. We were not able to get along with beneficiaries… We are asking pardon from all the users. This is not our fault,” – the message reads.

The exchange’s website is working at the moment, but traders are discussing the probability of the platform’s terminal closure. At the same time, some are considering the possibility of an ill-intentioned junk shot, though the message was posted from the official account.

Last week, CEO CronoPay Pavel Vrublevsky made an assumption that WEX may stand a chance of surviving, should the conflict between its owners and administrators be solved. As noted by Vrublevsky, the conflict has been festering because much of the exchange’s funds were being spent on the defense of Alexander Vinnik in court.

“On the other hand, closing the platform and disappearing is not an option too, as this would have been a pure criminal story,” – the expert pointed out in an exclusive interview to BitNovosti.

As reported last month, WEX suspended the withdrawals of a number of assets due to a “planned system maintenance”. This was closely preceded by a surge in Bitcoin price that did not correlate with the global market trends. Many critics and experts were alarmed by the situation, saying that it may be a precursor to an exit scam.