The domain of Hong Kong-based crypto currency exchange HKCEx, hkcex.net, becomes vacant this week. Before the site is down, many investors reflected that they can’t withdraw their funds from the platform. The founding team is suspected fled, as reported by 3-coin.com.

In addition to the redemption problem, several investors also complained about the security and transaction problems of the exchange.

It is worth noting that the Bitcoin trading price in HKCEx is around $150 higher as compared with other exchanges and its trading volume stands at about 500 Bitcoins per day, according to an industry insider. The high transaction price attracted a large number of Bitcoin investors to charge money and move bricks to earn arbitrage and lead funding cheated.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.