In cryptocurrency exchanges, there is a practice of delisting tokens for various reasons, the most important is the low volume of trades, as well as for critical vulnerabilities and bugs in the blockchain. Bytecoin (BCN) did not sin anything of the above, at least the team stamped updates with enviable periodicity.
It seems that cryptobirds entered into some kind of collusion against BCN and only have time to transfer one baton to the other by delisting coins from their sites. Three days ago, on October 9, Binance announced about delisting as many as four Coins, including Bytecoin, the latter at the moment sank to 20%, and today the OKex exchange has puzzled the holders of this coin.
In less than a week, the two largest exchanges simply throw BCN out of their sites, what happens?
Representatives of the exchange OKex said that the reason for this decision was the critical technical vulnerability of the project, which was discovered in the process of monitoring this coin and remains unresolved. What kind of vulnerability was discovered they did not report, although in the comments they were repeatedly asked such a question.
The OKEx report states that the BCN trades will be terminated today. Users need to cancel all open orders and withdraw coins to other platforms or to their own wallets. The opportunity to withdraw BCN will be open until November 1, after which the stock exchange completely stops working with cryptocurrency.
The developers of Bytecoin are not discouraged and are negotiating with Binance to resume trading. The details of the negotiations, referring to their confidentiality, refused to disclose the project.
All this looks very strange against the background of the fact that the Bytecoin team periodically releases updates, after the hard forks on August 31 there were three new Bytecoin updates!
Cryptocurrency continues to decline in price and over the past seven days, the decline was more than 35%.