DX.Exchange continues to update its platform a week after launch

January 16, 2019 Coin Payment

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Immediately after the highly anticipated DX.Exchange, launched on January 7, its co-founder and CEO, Daniel Stowronski, announced via twitter that the exchange would be fully operational in about a week or two. He added that the exchange would go through a "soft launch" process that would ensure that all trading pairs and deposits were fully functional over time. His exact words from the tweet it can be found below.

Remember that we are in a "soft launch", not all pairs or deposit options are fully available. We will arrive every day to get to 100 percent. About 1-2 weeks. Thanks to the community!

First patched security vulnerability

Three days after launch, DX.Exchange has announced to cryptographic and investor communities that they have successfully corrected and resolved a security vulnerability discovered by one of its users. The online trader who requested anonymity explained how he had collected 100 JSON Token Webs that would have led to their corresponding user accounts.

DXecExent of DX.Exchange Blocking a user account

An exchange user contacted Ethereum World News with a complaint that his account had been blocked after gaining solid earnings during the early hours of DX.Exchange live. He was quick to point out that he managed to make 10 x profits as can be seen from the following excerpt from his communications:

I made an approximate 10 x profit during the opening times of the DX exchange.

I have been in contact with the administrator of Telegram and their support over and over again this week. They asked for additional documentation for KYC that I provided. I was told that I had to wait for the Ethereum Withdraw activation. I received confirmation e-mails and confirmation from the Telegram administrator that a bank transfer was made which I used to withdraw some funds already. I've never received anything.

They still refuse to send my coins and claim technical problems during operations.

I did some very profitable operations in DX tokens during the early volatile hours.

For me it is the nature of Crypto that there are high risks and rewards during this period when the market sets the price based on demand and supply. Especially for a token that is used for their unique operating model, you can use it to pay for securities with tokens that are exchangeable 24/7 …

In the meantime my account is still blocked (even after receiving the mail that I could exchange again) and I made a substantial loss on my Ether.

I was promised an answer before Monday [January 14th].

The user also used Twitter to express his complaints with the exchange, as can be seen in his tweet below. DX.Exchange did not respond to its tweet at the time of this writing.

Continuous updates from DX.Exchange

Just yesterday, January 15th, DX.Exchange tweeted that it had completed a platform update. The tweet continued to thank all users for their patience.

Less than a hour ago, the exchange also announced that they are currently undergoing another maintenance update.

IMPORTANT UPDATE: our trading platform is not currently accessible due to a maintenance update. Thank you for your patience, we will update accordingly once the platform will be accessible again.

What are your thoughts on the status of DX.Exchange a week after launch? Let us know in the comments section below.

Disclaimer: This article is not intended to give financial advice. Any other opinion present here is purely that of the author and does not represent the opinion of Ethereum World News or one of its other writers. Perform your research before investing in one of the many cryptocurrencies available. Thank you.

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