Quote from: Z-tight on February 14, 2025, 02:13:02 PM

They say their ceo account was hacked and that is what led to all of these, so apparently their ceo had access to all their system resources, isn't that a poor way to secure people's data and funds? So many people in the community do not believe that Xeggex is telling the complete truth here, with some people even suspecting a rugpull.

"Rugpull". Wow, I haven't heard that term in a year or so. But yeah, the CEO apparently having access to everything on his laptop is what reminded me of Mt. Gox, because even though I was a little lost lurker on the forum back in 2013-14, I seem to recall that Mark Karpeles created the same situation for himself and thereby lost everyone's money (or a lot of it, anyway).

Quote from: Lucius on February 15, 2025, 03:08:31 PM

The main system admin obviously didn't pay too much attention to his operational security, now the only question is whether someone hacked him remotely, or maybe he lost his laptop somewhere and unfortunately someone with bad intentions found it. Anyway, it's really bad if only one person has full access to everything because it's a big risk - just remember Quadriga and its CEO who disappeared with hundreds of millions of dollars.

Yeah, and although I'm not familiar with Quadriga, that reminds me of Cryptsy. Remember them? And I'm sure there are at least a dozen similar cases like that. I'm not saying anything about Xeggex scamming people, because they ran a pretty smooth operation for a while and did become popular with the altcoin crowd. There was nothing about how they conducted business that pointed to an exit scam or some such thing, at least as far as I can tell.

I wonder if they got hit by regulators, because I could swear I saw a new notice on their site about no longer being able to service US customers. Anyway, it'll be interesting to see what transpires.