Crypto Exchange IDAX's CEO Missing With Company's Cold Wallet
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Chinese cryptocurrency trading platform IDAX has reported its CEO has vanished with the cold wallet in which "almost all the company's cryptos were stored."

The crypto trading platform has suspended deposits and withdrawals and has recommended its users to avoid using its services.

Earlier this week IDAX reported it was registering a large number of withdrawals and that the CEO of the platform was reportedly missing.

The amount of missing funds has not been disclosed.

Earlier this week the crypto exchange reported it had stopped offering its services to Chinese users.

The news reminds us of a similar incident related to Canadian crypto exchange QuadrigaCX. The platform lost access to its funds after the alleged death of its CEO during a trip. However, in that particular case, the leader of the platform had died, while in this case he is simply missing.

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