Quote from: RedBill on November 28, 2012, 07:15:49 AM

CryptoXChange have posted on their website:

Quote

As of 19 November 2012, Crypto x Change stopped allowing trades. There have been a couple of incidents in which we are not allowed to make public which have forced us to close the exchange. We are sorry for any inconvenience, there are delays in support and processing withdrawals. It could take up to another 6 weeks before all withdrawl requests are finished. For all paper correspondence please post to pobox

Kensycol Pty Ltd
PO Box 8370
Orange NSW 2800
Australia,
Or email support@cryptoxhange.com

I will delay my recovery action since I can understand what issues they may have. I also received an email from support. So they are no longer totally quiet.

They also contacted me last night. I am pleased that they've provided a timeline for repayment and I'm assuming that they've taken into account the Christmas/New Year shut-down in making that estimate. For those who aren't aware of it, a lot of businesses here will be totally closed from the end of business on 21 December until at least 2 January. Some businesses and government departments are closed for longer or have only skeleton staff on deck on days which are not public holidays - so anything they need to do which involves other businesses or government can be affected by that.

Realistically speaking, even if people wanted to take recovery action right now instead of giving Crypto X Change the benefit of the doubt for the next 6 weeks, there is almost zero chance it would progress in any way until after the new year. Nobody's going to have less options in 6 weeks than they have right now.