The International Digital Asset Exchange (IDAX) admitted the news that its CEO went missing, locking the exchange out of the cold storage wallets.
Reports of Missing CEO Turned Out Real
The IDAX exchange stated it went through maintenance, while Weibo.com reported rumors from workers that the CEO went missing. In a previous notice, the exchange tried to calm down fears – though finally, it admitted to the situation.
“Since we have announced the announcement on November 24, IDAX Global CEO have gone missing with unknown cause and IDAX Global staff were out of touch with IDAX Global CEO.”
“For this reason, access to Cold wallet which is stored almost all cryptocurrency balances on IDAX has been restricted so in effect, deposit/withdrawal service cannot be provided,” the new notice said.
Previous rationales of the withdrawal problems included the explanation that IDAX was moving out of mainland China, and withdrawal requests had created a backlog. But it turns out the exchange is the next victim of a human-factor theft. The…