They have launched the exchange, but again collected some more fund and they never distributed any fund to their customers. They collected a very huge amount at the time of ICO, and after exchange launch, they collected some more funds and scammed the investors and their customers.
the question now is whether they really really raise that much funding? because I see an ICO that manipulates the results. If indeed they could collect that much but could not develop the project then surely this could be said to be SCAM