DragonEx resumes withdrawals with a temporary internal token mechanism
DragonEx is introducing a new withdrawal method in an effort to save its business. Cryptocurrency exchange DragonEx is introducing a stopgap measure to reintroduce withdrawals after some problems last month. According to an official announcement on Nov. 8, DragonEx is introducing a temporary solution to allow crypto withdrawals. The exchange will require its users to acquire so-called “DragonEx Withdraw Quota” tokens. One DWQ will allow the withdrawal of assets worth 1 Tether (USDT). DragonEx executives said that customers can acquire DWQ through trading, mortgage loan, or a deposit. “When....
Related News
DragonEx is shutting down deposits and withdrawals of all cryptos. DragonEx crypto exchange suspended deposits and withdrawals of all digital currencies on its platform due to issues triggered by OKEx’s ongoing withdrawal freeze.In an official announcement on Oct. 21, DragonEx said that the OKEx freeze triggered a “crisis of trust” in centralized exchanges among its customers, which in turn fueled a run on funds and deteriorated the platform's service.DragonEx is now working on a restructuring plan in order to resume deposits and withdrawals on the platform. The company’s representatives....
Asian cryptocurrency exchange Okex says peer to peer trading is now open but the freeze on withdrawals remains in effect. In an update, Okex CEO Jay Hao reveals that buying cryptocurrency via the fiat gateway is now active as well but he fails to give a timeframe for the resumption of withdrawals. In an earlier tweet, the CEO reassures customers that their funds are safe and that withdrawals will commence as soon as possible. On Oct. 15, Okex announced the suspension of withdrawals of cryptocurrency after an unnamed private key holder was taken into custody by law enforcement. However,....
Global US dollar withdrawals have fully resumed at Mt. Gox following a two-week testing period of its new transaction processing system. The exchange said it still managed to process over $1 million worth of withdrawals over the past fortnight, despite having announced a temporary hiatus. "As this required a great deal of manpower and was not a perfect solution, we are quite happy with the progress made despite the conditions," reads the statement from Mt. Gox. The company also used the statement to announce it has formed relationships with a number of new banking partners across the....
Yesterday, Mt. Gox released the following notice from Tokyo, Japan: Statement Regarding Temporary Hiatus on U. S. Dollar Withdrawals. TOKYO - JAPAN - June 20th, 2013. Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer....
Crypto exchange Zipmex has now resumed withdrawals for a few altcoins apart from Bitcoin and Ethereum. So far, there are no updates about Bitcoin and Ethereum withdrawals. The halt in withdrawals on Zipmex happened after the two other exchanges Babel and Celsius froze withdrawals. The crypto exchange has now started to allow users to withdraw […]