One of the most famous Chinese crypto exchange, IDAX has been suffered about the rumor that IDAX is trying to exit Scam for last days and soon it was reported that CEO of IDAX was hidden with the cold wallet which contains the various of assets in IDAX.
IDAX announced in an urgent official announcement on its website on Nov 29th that "Lei Guorong, the CEO of IDAX Global, was missing due to unknown reasons. Also, currently, IDAX staffs can't access the cold wallet that stores a lot of digital assets of IDAX."
According to the document, the CEO of IDAX operated an exchange in Shanghai with a Mongolian cryptocurrency exchange license and escaped from the company with a cold wallet on Nov 21st to avoid regulations by Chinese financial authorities.
When the rumors about the CEO of IDAX floats around the industry, IDAX officially replied, "The exchange is actually in financial crisis, but we are still in touch with the Lei Guorong."
However, two days later, one of the employees have a testimony that IDAX ceo's disappear was true.