https://cointelegraph.com/news/exchange-demands-users-return-bitcoin-bought-for-6k-during-tech-glitch?utm_source=Telegram&utm_medium=socialTheir statement:
“It’s very understandable that a lot of users will feel upset they were able to buy what they thought an order was there for Bitcoin at very low prices. But unfortunately, the underlying Bitcoins were never in the possession of the exchange, so there’s never really anything there to be bought or sold.”
If they're selling BTC that is not in their possession, then their exchange is a Scam/Fraud (inflating what's not really in their exchange).
If some endusers were able to transfer btc to their personal wallet, then the statement isn't true. You can't fake a bitcoin that gets transferred to your wallet.
This should be thoroughly investigated and audited by BSP and SEC. How much crypto does PDAX really have in their possession?
Wala tayong ideya kung magkano talaga meron sila sa vault nila eh. Ganyan kasi talaga sistema ng mga exchange, yung nakikita nating nagre-reflect sa wallets at balances natin ay parang simulation lang. At lumalabas lang ang tunay na bitcoins kapag nag-withdraw na parang nilalaro lang muna sa numbers. Pero technical aspect na yan at hindi yan mauunawaan ng mga users nila na hindi naman ganun ka-techy patungkol dyan. Parang palusot lang tong sinabi nila, nakakadismaya kahit na gusto ko itong exchange ito.