June 14, 2024

Estonian Stock Exchange DX.Exchange announces “temporary closure”

The board of directors of the Estonian trading platform DX.Exchange decided to suspend the activities of the exchange due toplans to sell a company or merge with another platform.

The statement said that the cost of ensuring the proper level of security, support and team is too high and the business is simply unprofitable.

“The Board of Directors believes that this is the best optionfor DX.Exchange to succeed for the company's shareholders and be a competitive platform. If the sale or merger transaction is not completed after a certain time, the exchange may be closed permanently. ”

The site has already closed the acceptance of depositsusers and canceled all open orders. At the same time, the company declares that all user funds are safe and will be returned to customers. Payment requests are accepted until November 15th.

The user must provide a photo of the frontsides of the passport, a selfie with the current date and the inscription DX.Exchange, a list of cryptocurrency wallets and the amount of funds to be transferred there. In this case, the letter should be sent from the same email address that was used during registration.

The DX.Exchange platform was launched at the beginning of this year, but very soon a number of serious vulnerabilities were discovered on the exchange.