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 accordance with a status update revealed 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 steadiness discrepancies and pending a full investigation.
All different foreign money withdrawals have been being permitted, and the trade urged its customers at the moment to withdraw their funds “as quickly as doable,” in accordance 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 studies,” 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 activity.”
On March 23, the trade disabled all withdrawals however mentioned it could 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 could 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 employees are working underneath excessive strain in the intervening time and might solely present help as directed,” ICE3X mentioned within the replace. “We perceive your frustration, however please be respectful when speaking with service desk employees.”