Ah...I found the information I was seeking with a bit of digging. Would have been nice if SMART shared this info early on instead of all of us wondering why our funds were locked on these different exchanges. Kind of shitty if you ask me. But if you don't know, here's the info.
https://bitcointalk.org/index.php?topic=2797921.0Edit: I still do like this project and I do see a lot of potential. And I'm sure in time all will be forgotten, since crypto is so near-minded. But to me, this will always be a black mark against this currency.
Oh mate I think you didn't backread far enough the dev actually posted that in this thread, he informed everyone that there has been a zerocoin exploit that really affected the smartcash network that's why he requested the exchanges to pause their wallet and to stop this coin from being traded in order to prevent fake coins from circulating and getting into the wallets of smartcash users. The dev has been very transparent from the start, he informed everyone about the exploit and once the issues has been resolves, he announced on here that there has been a wallet update to make sure that users are only receiving the real coins and not the fake ones, and then he requested the exchanges to also update their wallets so that trading can finally resume but unfortunately exchanges are taking so much time to resume trading and now it's really affecting the devs reputation and also this project's legitimacy, which is not the dev's fault in any way.