DragonEx System Maintenance Finished Announcement

Dear Users,

 

DragonEx has finished the spot-trading market system maintenance and all trading services recovered (includes leverage), apart from a few trading pairs.

 

On March 24th, 2019, DragonEx were hacked, 880 million USD wroth of assets were stolen valued at the price at that time (BTC≈5190USDT，ETH≈168USDT). DragonEx have always considered users as the top priority, hence, DragonEx restored operation after receiving an investment worth 670 million USDT. The team has endeavoured to maximise operation performance over the past one and a half year, and achieved satisfying results. However, the stolen assets have not been regained; besides, due to the rapid growth of the price of the stolen assets and the heavy expenses of buy-back DT, the net liability increased to 950 million USDT based on current price (BTC≈11780USDT，ETH≈368USDT). Unfortunately, the OKEx incident has caused a crisis of trust, a large number of users have withdrawn tremendous amount of cash, deteriorating DragonEx reserve level.

 

Under current circumstances, DragonEx have to make this hard decision to suspend deposit and withdrawal for all assets.

 

Meanwhile, DragonEx will seek financial restructuring and will restore deposit and withdrawal if this is achieved by 2nd November 2020. We will ensure the clearance will be accomplished with our full capabilities if financial restructuring is not achievable.

 

We, DragonEx, deeply appreciate all the understandings and supports through the years.

 

DragonEx Team

21st October 2020