Users are accusing Estonian cryptocurrency exchange, Crex24, of hiding the scale of a hack from its users after suspending trade for several altcoin pairings.

Crex24's members claim that the exchange has not given an caption for its suspension of more than 60 altcoins. The commutation has also frozen withdrawal and deposit services for many of the platform's coins.

Despite the apparent disruption to services and calls for answers on Twitter, the exchange's social media posts advise that it has been more than interested in trying to drum up support for new listings than addressing the concerns of its users.

Allegation mount over suspicious Htmlcoin activity

A report published past Brazilian crypto printing Livecoin on March 6 cites an bearding Crex24 user who claims to have identified suspicious movements of the alternative cryptocurrency Htmlcoin, and may suggest foul play on the part of the substitution.

The user claims that the exchange froze his funds in mid-February, leading to a loss of approximately $32,000 of cryptocurrency.

Crex would later announce that 200 million Htmlcoins, worth $11,200, were stolen from its wallets and that information technology would be working with the Htmlcoin squad to reimburse investors.

1.3 billion Htmlcoin transferred from Crex24 to Hitbtc

All the same, the anonymous source claims to have identified i.3 billion Htmlcoins existence withdrawn from Crex's wallet, worth $72,800, on February. 12. The funds were sent to cryptocurrency substitution Hitbtc.

Htmlcoin, which reportedly has a large Brazilian user base of operations, was added to the exchange during January of this yr. Less than two months afterwards, its pairings are now offline.

Crex24 has besides reportedly increased its know-your-client verification requirements for processing withdrawals since accusations began to swirl — further inhibiting their customers' ability to remove funds from the platform.

According to Coin360, Crex24 hosted roughly $two.62 million in trade over the past 24 hours — ranking information technology 137th by daily volume at the time of writing.

At printing time, Crex24 had not responded to Cointelegraph's attempts to obtain a statement regarding the accusations.