Crypto: Hoo Exchange is no more?

Lately, crypto exchange crashes have become commonplace news. Certainly, a lot of small crypto companies have closed their doors. But the falls of Terra Luna and FTX remain the most resounding scandals. Today, Hoo Exchange’s turn to suffer a setback. The crypto platform would have disappeared.

Hoo Exchange site disappears and withdrawals have become impossible on the platform according to Mr Whale, a well-known crypto personality

Hoo Exchange in trouble for some time

The problems of the crypto platform Hoo Exchange date back to June 2022, after the collapse of Three Arrow Capital of Singapore. At that time, the Hong Kong company had suspended its transactions. The reason given: too high a volume of redemption requests. Just 72 hours after this announcement, trading resumed.

Another problem within the crypto platform Hoo Exchange: conflicts between the leaders of the company revealed by certain senior executives on social networks. And now the site of Hoo Exchange completely disappears from the canvas.

Victims of crypto firm Hoo Exchange team up

Hoo is a centralized crypto exchange company with over 1.2 million customers under its belt. In recent hours, they have been lamenting that they can no longer make withdrawals. Worse still, they no longer find Hoo on social media platforms.

Almost on all social networks, you can see Hoo users complaining, but to no avail! The leaders of the crypto platform have (so far) remained silent about the situation. Result: victim customers decided to unite on the Twitter account Hoo Victims. This alliance aims to help the police arrest Ruixi Wang, the founder of Hoo.com.

The case of Hoo Exchange is not isolated. Many users refer to the founder of this crypto platform as a scammer and a thief of funds. A completely normal reaction since users want explanations. Above all, they want reassurance. But Ruixi Wang does not seem to be ready to face them yet. To be continued…

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