South African cryptocurrency trade ICE3X is closing down its operations nearly a month after suspending deposits and buying and selling when the platform found “discrepancies” in its Bitcoin and Litecoin holdings, in line with a status update printed Tuesday (April 6).
The trade has been suggested to start liquidation proceedings, the agency mentioned within the replace. ICE3X first suspended all deposits and buying and selling, in addition to Bitcoin and Litecoin withdrawals, March 16 after noting the stability discrepancies and pending a full investigation.
All different foreign money withdrawals have been being accepted, and the trade urged its customers at the moment to withdraw their funds “as quickly as doable,” in line with the replace.
On March 18, ICE3X mentioned that its preliminary investigation discovered a scarcity in each Bitcoin and Litecoin, the replace said.
“We’re reviewing the buying and selling and deposits/withdrawals historical past in addition to cold and warm pockets transaction reviews,” the trade mentioned on the time. “This course of is taking longer than anticipated, and we’re drafting in extra accounting assets to help with this job.”
On March 23, the trade disabled all withdrawals however mentioned it might nonetheless course of withdrawal requests manually for all currencies apart from Bitcoin and Litecoin because the investigation continued.
ICE3X has not expounded on the ultimate findings of its investigation. The agency mentioned in Tuesday’s replace that it might present extra particulars and subsequent steps on Wednesday (April 7), however no replace has been posted as of but.
“Please take heed to the truth that workers are working below excessive strain in the meanwhile and may solely present help as directed,” ICE3X mentioned within the replace. “We perceive your frustration, however please be respectful when speaking with service desk workers.”