The issue here is the owner/operator of the exchange is saying that he is trying to make all those that lost funds "whole" again - that is open ended as far as timetables are concerned but in his defence to any sort of legal case against him he can cite he was not trying to scam but trying to return funds to victims of alleged hacks.
You are probably right, it is probably his baby and he cannot let go easily but there is also the possibility there was no hack and he took the crypto for himself and blamed an imaginary theft. Either way, the exchange and those owning/operating it cannot be trusted.
What do you think the end game is for unnamed.exchange? Is it an exit strategy after maximum scamming or something else?
Looking at them, they have one thing on their side even after the controversies of the alleged hacks - longevity. They have been around even with almost non-existent customer services at time but their website is still up and they are able to trade. The fact they have almost zero trade and liquidity is a different matter altogether but I cannot work out what they want in the short or long term.
Maybe they could not exit scam in the past simply because they have almost nothing in 24 hour trading figures so what would be the point of exit scamming. They have obviously tried and failed to attract customers so they cannot grow and expand. This is where I am confused, what do they actually want?
They have negative reviews and a bad reputation therefore they probably know it is too late to try to repair the damaged reputation.
Partially paying a small number of victims is usually a trait employed by scammers to put off any legal action because they claim they are trying to return funds to victims after alleged hacks.
What is it unnamed.exchange has plastered on the home page of the website: The world's most advanced crypto trading platform
Who in their right mond would believe such nonsense?
The world's most advanced crypto trading platform have reported a $1,307.82 24h Trading Volume. really impressive numbers.
Only 8 trading pairs are accurately represented.
https://coinpaprika.com/exchanges/unnamed/yeah this exchange stopped paying the dogewdx, and only paid up about 70% owed.
I suspect this is his baby and it's hard to let it go, but nobody in their right mind would trust any amount on this exchange.
if trading fees don't cover the server/admin costs, just shut the thing down and stop the financial drain.
Instead of trying to use customer funds to speculate in a bull run to make up for the funds, or have 'alleged' hacked wallets, whether true or not, to keep operating.