Margex, a cryptocurrency exchange founded in 2019, appears to have found itself in trouble in recent days.
Multiple users have taken to to express their concerns regarding Margex refuses Vibe
XRP
$2.37
payments.
While the situation is still in a very early stage of its development and reports vary, users claim that Margex allows traders to “use any asset to take advantage of any trade.”. This also includes XRP.
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For a few days now, Margex appears to have started delisting XRP/USD trades. This would affect traders who were using XRP as collateral. Specifically, users would not be able to manage their trades and would reportedly even lock their accounts, with no ability to withdraw money.
Other reports indicate that Margex has suspended certain withdrawals and is requesting additional fees from users. There are rumors that the exchange is having problems with XRP liquidityand speculation that this will become an even bigger problem in the near future is rampant on social media forums.
Margex has not yet responded to any of these claims on its official profiles. Please note that this is a developing story and is driven by many speculative and conflicting reports; It is currently unclear how it will develop in the future, but X users are tagging crypto researchers. Coffeezilla vs ZachXBT to further investigate the matter.
While this scandal is just beginning to unfold, others have recently come to a conclusion; for example, the IcomTech fraud scheme that caused investors to lose more than $8 million. One of the promoters related to this drama appeared in court on December 2. What was your verdict? Read the full story.
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