Suspicious Activity and User Outcry

Amid rising tensions, users of the Estonian cryptocurrency exchange, Crex24, are coming together in a chorus of discontent. The platform has made headlines for its sudden suspension of trading for over sixty altcoin pairings, leaving traders bewildered and scrambling for answers. Despite the growing frustration, the exchange seems more focused on promoting new listings than addressing the concerns of its users—a questionable prioritization for sure!

Htmlcoin and Allegations of Misconduct

The situation escalated when reports surfaced regarding suspicious activity surrounding Htmlcoin, a cryptocurrency that recently gained traction on the platform. An anonymous source from Brazil claimed to have lost around $32,000 after Crex24 froze their funds in mid-February. To add to the intrigue, 200 million Htmlcoins, equivalent to about $11,200, were reportedly stolen from Crex24’s wallets, prompting the platform to announce its cooperation with the Htmlcoin team to reimburse aggrieved investors.

The Great Htmlcoin Withdrawal Mystery

Digging deeper, the anonymous user claimed to have discovered a staggering 1.3 billion Htmlcoins—valued at approximately $72,800—being withdrawn from Crex24’s wallet to another exchange, Hitbtc, on February 12. Given Htmlcoin’s recent addition to the platform, this timing raises a few eyebrows and hints at deeper troubles brewing beneath the surface.

Increased Verification Requirements

Things took a turn for the more complex as Crex24 started clamping down on its customers by increasing its know-your-customer (KYC) verification requirements for withdrawals. This move has left users even more frustrated, as their ability to access their funds is curtailed just as concerns about the security of the exchange are peaking. Coincidence? You be the judge!

No Word from Crex24

Despite the chaos, Crex24 has kept its lips sealed, choosing to remain tight-lipped regarding the allegations and the overall situation. According to the latest data from Coin360, the exchange reported a trading volume of around $2.62 million in the previous 24 hours, securing a lowly rank of 137th by daily volume at the time of writing. It seems like the platform has some serious public relations work ahead of them if they wish to regain the trust of their users.