DragonEx, a cryptocurrency exchange that was hacked in 2019 and lost approximately $8.8 million, is considering the possibility of closure as the recent incident around the OKEx exchange triggered "a crisis of trust" in the centralized exchanges, the company wrote in an official announcement.
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The exchange has not managed to recover all the stolen cryptocurrencies, and, as the cryptocurrencies' price rise, the total value of the stolen funds also doubles.
DragonEx also announced the suspension of all deposits and withdrawal services of all currencies on the platform:
"At this point, the team had to make an extremely difficult decision to suspend the deposit and withdrawal services of all currencies on the platform."
Nonetheless, the exchange will continue "working hard to find a restructuring plan." If the reorganization is successful before November 2, the platform might resume deposits and withdrawals, the announcement states.
As iHodl reported before, DragonEx’s team manged to trace down the addresses tied to the hack. The bad actors reportedly succeeded to stole bitcoin (EXANTE: Bitcoin), ethereum (ETH), litecoin (LTC) and tether (USDT).
The assets had eventually been transferred to large exchanges such as Bittrex, Huobi and Binance.
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