Crypto trading at the platform of Ice3x of South Africa has been suspended for an unknown time by the exchange itself. The trading platform noted discrepancies and deficiencies in the company’s balance sheets, particularly relating to Bitcoin and Litecoin.
Ice3x, which is one of the crypto trading platforms in South Africa, has reportedly suspended all crypto trading activities. Though the suspension was implemented on 16th March, however, till to date, the suspension has not been lifted. Ice3x complained that it has found several discrepancies as well as deficiencies in its balance sheet. It reported that there are several Bitcoins and Litecoin that have gone missing and the platform couldn’t find any trace of them.
Ice3x is completely unwary of what has happened to the missing cryptocurrencies.
Gareth Grobler, who is the CEO of Ice3x told that even after 8 days they haven’t been able to come to any laudable conclusion. He said that shockingly both cryptocurrencies are highly demanded trading assets at the platform and their gone missing is a sham for the company. He also informed that until the company is able to trace the coins, the withdrawals of Bitcoin and Litecoin will also remain suspended.
The CEO further told that it discussed the matter with Merkeleon.com, which is the business partner of Ice3x. During this discussion, neither Ice3x nor Merkeleon.com came at any foregone conclusion and failed to yield any worthy finding.
Still, the matter is undergoing investigation and, in the meantime, the exchange has also requested its customers to withdraw their crypto funds. However, the request has been made to those customers who do not own any BTC or Litecoin whose withdrawals are suspended.
The message was posted on the official webpage of Ice3x in which it urged the customers to immediately withdraw their funds.
In the meanwhile, a new warning was posted by the company. In this message, it was informed that if customers are failed to establish contact with, then they should use Ice3x’s Facebook page.
Still, there is uncertainty as to what exactly going on with Ice3x. However, what is certain is that the crypto trading is suspended at Ice3x and when it will resume, is unknown. In addition, withdrawals relating to BTC and LTC too remain suspended. However, only those withdrawals are active where the customers have crypto funds other than BTC and LTC.
As per the warning message posted by Ice3x, it seems that there is a possibility of a hack attack. However, so far Ice3x has not complained of any hack attack and also not denied it. In any case, the CEO has ensured his commitment to the trading platform as well as to the customers. He has said categorically that whatever happens, he is not fleeing from South Africa.