THELOGICALINDIAN - The amount of bitcoin on the WEX cryptocurrency barter belvedere climbed to 9000 amidst fears of addition cryptocurrency avenue scam
Yesterday, Bitcoin [coin_price] traded amid $6,300 to $6,400 on best cryptocurrency barter platforms. However, on WEX, aforetime accepted as BTC-e, the top-ranked cryptocurrency was priced at about $9,000.
The amount fasten happened aural a two-hour aeon from 16:00 UTC to 18:00 UTC. Aural that period, the amount of BTC jumped from $7,800 to $8,999 on the platform.
Forget KimChi premiums. The Bitcoin amount about-face on WEX makes the premiums in the South Korean markets attending like child’s play. Before the spike, BTC traded on the belvedere at $7,800 — which was 22 percent college than the all-around average’s BTC amount at the time.
WEX isn’t absolutely one of the added accepted exchanges in the market. Its circadian trading aggregate is about $39 million, according to CoinMarketCap.com. This amount is several orders of consequence beneath than the brand of Binance, OKEx, Huobi, Coinbase, etc.
The actualization of such a cogent about-face in a abbreviate amplitude of time has led some to advance that there ability be some underground escapade at play. The acceptable explanations are that the belvedere is bankrupt or that the WEX aggregation is attractive to cull off an avenue scam.
At the time of autograph this article, WEX has yet to affair any annual on the Bitcoin amount spike. According to a Twitter post, the belvedere affairs to abide a appointed aliment today. All annual functions are accepted to be abeyant during the exercise. The amount of BTC on the belvedere is currently $7,800.
WEX is no drifter to controversy. A year ago, Alexander Vinnik, an agent of the belvedere at the time, was arrested in Greece. Vinnik was accused of application BTC-e as a advanced for bed-making money for doubtable hackers and biologic traffickers.
Since his arrest, Vinnik has survived a failed assassination attempt while actuality the accountable of an displacement antagonism amid Russia, the United States, and France. In the after-effects of the Vinnik saga, BTC-e rebranded itself as WEX.
Do you anticipate the Bitcoin amount exceptional on WEX credibility to the platform’s approaching insolvency, or is it an avenue scam? Let us apperceive your angle in the animadversion area below!
Image address of Shutterstock, WEX, and Bitcoinist archives.
