China Global Exchange Bans Withdrawals
December starts with bad news. More recently, well-known exchanges stopped withdrawals while under legal action. And at the moment there is a similar situation, but for other projects. Now similar circumstances are developing around the Global company. The Chinese exchange operates in the open spaces of the whole world, but at the moment it cannot withdraw funds from its own users. Next, we will look at what is happening with the company and how its users should act. So let’s get started.
More about Global
CEO Global – there are many of them. This site operates from the main office in China, but at the same time provides its own services to almost all countries of the modern world. Surely among the wide audience of the enterprise there will be users from all over the world. The exchange attracts by its own availability, favorable terms of cooperation and unambiguous prospects. The company sets truly ambitious and ambitious goals that are achieved according to strictly outlined plans. In addition to commercial benefits, CEO Global thinks about the ideological component of the industry.
That is why academies have been opened at the exchange, in which experienced specialists teach future programmers, financiers and other experts on working with Blockchain. In short, we have before us a meaningful and promising project. Which, however, today announced a complete freeze of all financial transactions. At the moment, users are prohibited from withdrawing funds from the platform, as well as replenishing their own accounts. What is the reason for such a radical shutdown of their own tools? Let’s figure it out.
What’s the problem with CEO Global?
As in the case with OKEX, we are talking about a forced stop of work due to the start of a trial. The exchange became involved in a rather serious scandal with serious accusations. The founder of the company is suspected of involvement in criminal schemes and the use of illegal sources of income. According to investigators, “black” income has been repeatedly transferred to the personal bank account of the head of the enterprise. The origin of the funds remains to be seen. But, according to preliminary information, the accusations are indeed justified and, most likely, a long investigation lies ahead. At the moment, CEO Global is almost completely out of work.
The company stopped withdrawing funds, banned replenishment of internal accounts, and even suspended the functioning of all by-products unrelated to the main exchange. The fact is that the head of the company holds the cold keys necessary to use the exchange’s cash savings.It is his intellectual and financial property and cannot be used during legal proceedings. This is why CEO Global will stop working indefinitely. The specific dates for the resumption of functioning have not been announced, since they are not known even to the developers of the platform.
Summary
Users have no choice but to put up with expectations and not trade in the open spaces of CEO Global for now. We strongly recommend that you re-evaluate the prospects of cooperation with this company and, at the end of the courts, withdraw money from the platform. It is quite possible that the situation will repeat itself, so it is necessary to warn equity capital in advance. At the moment, the main thing is to follow the news of the cryptoindustry. Stay updated with the latest developments with us. We publish only high-quality and interesting material. Thanks for attention. We wish you good luck and calm work in such a difficult situation.
