This is Nexybit, the revenue sharing cryptocurrency exchange.
After looking into the abnormal transactions from the 3rd of December 2018, 00:10AM to 02:30AM (KST) we have discovered some users manipulated the markets to acquire abnormal returns. According to our internal team’s review of the situation, the users bought and sold BTC, ETH, USDT, and NXY and excessively low or high prices.
Hence, according to the Nexybit terms of service¹ and Belize’s regulations regarding suspicious activities or transactions², we have decided to roll-back all spot market transactions to the 3rd of December 2018, 00:10AM (KST).
The roll-back applies to spot market transactions and resets all open orders.
After the roll-back operations are completed, we will re-open the service at 6pm (KST).
The daily airdrops for NYX tokens have already been rewarded and those for COZ tokens will take place today as per usual.
We apologize for interrupting trading operations on Nexybit and have decided to carry out a buy-back & burning operation for NXY tokens using 10% of the exchange fee revenue for the next five days.
The Nexybit Team
1. Nexybit Terms of Service, https://nexybit.com/company/tos
2. Belize FIU - Types of Suspicious Activities or Transactions, http://fiubelize.org/types-of-suspicious-activities-or-transactions/