Dewald Breytenbach of National liquidators, who has been appointed by the court, recently proclaimed that out of the seventy-six (76) Bitcoins that supposedly belong to the terminated South African cryptocurrency exchange, Ice3, he and his firm can only find and account for twenty-two(22).
Dewald Breytenbach of the National liquidators also said that the tech provider of the crypto exchange Merkeleon has been asked to assist in setting the record straight.
These recent reports by the South African liquidator are coming to the limelight about six months since Ice3 suddenly stopped allowing withdrawals. While the company’s management was announcing, they stated that the decision to postpone the withdrawal of BTC and LTC was to enable them to protect their users. However, shortly after they made the announcement, Ice3 was shut down.
Certain reports during that period linked the crypto exchange decision to stop operating to the liquidity challenges which they were experiencing at that time.
But now, according to a money web report, the company’s management’s decision to abruptly stop withdrawal and shut down is due to the issue they have with Europe based Merkeleon.
While quoting Dewald Breytenbach, the report says “The problem at Ice3 appears to have started when a dispute arose between ICE3 and its platform provider, Merkeleon, based in Europe.
The report added further that ICE3 management thought an agreement was in place with Merkeleon. The supposed agreement should mean that the crypto exchange through Gareth Gobler, the CEO, would build the software where the company would operate while the administration would be taken care of by Merkeleon.
Consequently, for the exact arrangement to be established, Breytenbach said he has spoken with Merkeleon. The South African liquidator is hopeful he would get the needed information.
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