Bitcoin
$66,034.48+0.19%
Ethereum
$3,178.28-0.53%
Binance Coin
$604.78+0.62%
Solana
$154.08+0.54%
XRP
$0.54360667+2.03%
Dogecoin
$0.15803357-1.14%
Toncoin
$5.67-6.76%
Cardano
$0.51521229+0.95%
Shiba Inu
$0.00002644-2.67%
Avalanche
$38.07-2.35%
Wrapped Bitcoin
$66,092.02-0.02%
Bitcoin Cash
$506.87-0.32%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
35
DAYS
23
HR
56
MIN
24
SEC
Markets

iCE3 Exchange Halts Bitcoin, Litecoin Withdrawals After 'Discrepancies' Found

The firm has urged users to withdraw holdings of other cryptocurrencies.

By Tanzeel Akhtar
AccessTimeIconMar 18, 2021 at 1:09 p.m. UTC
Updated Feb 9, 2023 at 1:21 p.m. UTC
CoinDesk placeholder image
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

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and litecoin "pending the outcome of a full investigation and reconciliation," though other cryptocurrencies can be withdrawn.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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Tanzeel Akhtar
Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

Follow @Tanzeel_Akhtar on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.