Singapore: Concern Mounts Over Potential Crypto Exchange WEX Exit Scam

CCN

Users are increasingly concerned that an exchange claiming to be based in Singapore is pulling an exit scam following suspicious trading activity and locked wallets that are now preventing all users from withdrawing funds. On July 11, CCN reported that BTC/USD was trading on the WEX exchange at over $9,000 despite the global market average being under $6,400. After spiking to $9,000 the Bitcoin reportedly traded steadily at $8,000 – over $1,600 more than the global price. USDT/USD also revealed strange anomalies with the stablecoin pegged 1:1 to the price of the US dollar trading at $1.30 on WEX.

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