Yes another pulled off exit scam. This time a Nigerian cryptocurrency wallet that is said to have stolen $1 million worth of funds. Withdrawals started around April while the CEO blamed the servers being down.
This just goes to identify and support Ciphertrace's AML report as 2019 being the "Year of the Exit Scam" The report claims 3.1 billion dollars were lost in exit scams this year alone.
There are many trusted wallets in the market which are transparent to know the team behind them and people should be aware of the risk of using these shady wallets, it is a really unfortunate thing as scammers will always attract users even if there are trusted services elsewhere.
Expect these kind of exit scams in full swing before the regulations are forced into this market.