Wex.nz opens findings on Wex.sc
Wex.nz, after a long pause, returns to work on Wex.sc and opens conclusions
June 2018 was the worst month in the history of the Wex.nz cryptocurrency exchange, which gained great popularity in Russia and the CIS countries. News appeared that the site was being sold, following which the commissions charged by the exchange when withdrawing fiat money increased. Investors began to panic, and a snowball effect arose - clients sought to withdraw their funds, and this provoked a further increase in commissions and rates of fiat money in relation to cryptocurrencies established on the exchange.
Over time, the situation worsened even more. The withdrawal of the most popular cryptocurrencies was completely stopped under the pretext of carrying out technical work on the server. It might seem that this was just a consequence of the panic that had arisen, but a deep analysis showed that the problems were much more serious.
At the end of July 2018, it became clear that the withdrawal of cryptocurrencies from the Wex.nz exchange was blocked indefinitely. Following this, the rates of those coins, the withdrawal of which was still available, soared many times - up to four times. The technical support service received numerous questions regarding the withdrawal of money and other aspects of Wex, but they remained unanswered. At best, the administration, as before, referred to technical problems on the servers.
In August, a meeting took place between Dmitry Vasiliev, who is the nominal director of the Wex project, and Mikhail Chobanyan, who heads the KUNA bitcoin exchange. The interview, which lasted about an hour, took place in the Blockchain Hub Kyiv co-working space. Vasiliev spoke about some aspects of Wex’s activities, but this did not reassure investors, who still saw the impossibility of withdrawing cryptocurrencies from the exchange. After the interview, the clients’ questions did not disappear; on the contrary, they became even more numerous.
Dmitry Vasiliev confirmed that there was indeed talk of selling the Wex.nz exchange, and said that in the end the deal did not take place. It is highly likely that they tried to intercept control of the site. It is still completely unclear what actually happened - an insoluble conflict between representatives of the current leadership or external interference.
September 2018 brought new information - it became known that the previous management of Wex.nz had lost control of this domain name. There was also pleasant news for investors - the management of cryptocurrency assets and bank accounts of clients remained entirely with the previous management.
It was decided to transfer the project to a new domain name - Wex.sc. Immediately after the restart of the cryptocurrency exchange, the withdrawal of all coins opened, and full trading will begin in the near future.
The new management, currently managing the old domain name Wex.nz, is unable to pay off debts to customers, so the site is likely to be closed.
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