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iCE3 Exchange Halts Bitcoin, Litecoin Withdrawals After 'Discrepancies' Found
The firm has urged users to withdraw holdings of other cryptocurrencies.
South African cryptocurrency exchange iCE3 has urged users to withdraw cryptocurrency holdings from its platform after it found “discrepancies” in its balances.
In an announcement on Tuesday, the exchange said, "After consultation and deliberation with our partner Merkeleon.com and [its] subsidiary Coinspaid.com, we have not been able to reach a satisfactory conclusion." Merkeleon.com is an Austrian-based software firm that builds exchanges and processes software.
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iCE3 said, based on the advice of its legal and auditing team, it had suspended deposits and trading in the two cryptocurrencies.
It has also halted withdrawals of bitcoin and litecoin "pending the outcome of a full investigation and reconciliation," though other cryptocurrencies can be withdrawn. "We urge you to do so as soon as possible," the notice reads.
Read more: Lessons From the Nifty Gateway NFT Heist: Not Your Keys, Not Your Art
Further status information available on the exchange's updates page.
CoinDesk has reached out to iCE3 seeking more information, but did not receive a response by press time.
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
