I have used this exchange before like 3 years ago. But after some time I did not use it again. Some months after, I wanted to login into my account but I was unable to see the exchange on Playstore anymore. I did not make any other findings because I did not have money on the exchange because if I am not using an exchange, I withdraw all my trading money. I did not hear anything about the exchange exit scam. Which means they went away with people's money?
You were lucky you did not have funds there because you would certainly have lost them if you had not been a regular user. Many irregular users lost everything.
You are talking about James Ju? here's some information about him and his relationship with the exchanges mentioned.
Yes, James Zhu aka James Wu aka James Ju and probably a few other surnames unknown
Also Tyler Wu ,Chae Hoon& Lee Sangwook the co-founders and joint CEO of Bluehelix Korea Chae Hun/Hoon and Lee Sangwook have worked as Strategic Planning Officer and CFO at Huobi Korea.
How did you call it as an exit scam? have they not allow its users to withdraw the funds before totally going offline?
Not saying it was an exit scam but asking opinions as to whether it was due to people having lost their funds after they simply vanished and possibly set up under a new name and started a "new chain".
Coincidently Houbi changed its name to HTX and is a wrapped version of bitcoin called HBTC. On another note Heco chain bridge, the bridge connects the HTX exchange (formerly Huobi) and Ethereum was exploited for approximately $87 million in crypto assets. Large quantities of ETH, USDT and a wrapped version of bitcoin (HBTC) were seen leaving the bridge for a previously unused Ethereum wallet.
Also all these exchanges mentioned seem to use the same colour scheme.
There are just so many coincidences but this of course proves nothing except the fact many people have lost their money with these people and they seem to have done quite well.
Also some people were never contacted to withdraw from HBTC before they disappeared with their money and even if they were and did not meet the timeout there should still be a segregated wallet for those peoples funds.
Much appreciated, thanks.
