According to a recent post on Reddit, there were claims of Monero [XMR] being delisted from major cryptocurrency exchanges. This was after the community members witnessed that the XMR wallets on Poloniex, Bittrex, Cryptopia, and XMR.to were not functioning.
Cryptopia, an exchange platform officially stated on their website that the XMR wallet was placed in maintenance from 24th September. They further added that the actions were taken as per the request of the Coin Developer. Bittrex had also reported the same and stated that they are still waiting for more information from the coin development team.
In a recent post on Reddit, the developers have denied their involvement with the current problem. They further stated that the most reputable or biggest exchanges have not yet suspended Monero. Exchanges like Kraken, Binance, Bithumb, and HitBTC can still be used to trade XMR.
According to the post, the Monero coin developers were busy preparing the next big release of v0.13. The development team also stated that they were not going to waste time addressing the fake controversy. Monero developers have stated in chat rooms that the problem is “not due to a bug/issue… at least not one known by anyone here.”
Monero had recently released a report about the multiple counting bugs. According to the report, the bug was used to exploit services, merchants and exchanges. The developers had clarified that the multiple counting bug was recently fixed and the bug was not the reason for the existing issue.
Fort3hlulz, a cryptocurrency evangelist posted on reddit:
“Thanks for posting this! People are freaking out over nothing…… The biggest exchanges are still open, XMR.to is down for other non-XMR issues, and there have been no bug announcements etc”
Vespco posted on Reddit:
“Could this be a social engineering attack to manipulate the price? Anyway someone has a valid looking email that might be messaging exchanges claiming there is a bug?”
Intj440, an enthusiastic Redditor stated:
“Prompted by this FUD, earlier today I sent inquires to three OTC exchanges (DV Chain, Circle Trade, and Cumberland Mining) and all 3 verified that business is open as usual for XMR.”
Subscribe to AMBCrypto’s Newsletter
Is China’s Alibaba Group going to aquire Alibabacoin [ABBC]?
Ethereum [ETH] in the spotlight again; developers and the community talk updates
Litecoin [LTC/USD] Technical Analysis: The green zone turns red as the bear feasts on the wounded market
Cardano [ADA]’s Charles Hoskinson on EOS raising more capital than Cardano
Bitcoin Cash [BCH] is more viable than Bitcoin [BTC] says Co-Founder of Cyber Capital
Ripple partner Santander to adopt SWIFT GPI: What does it mean for XRP-powered xRapid?
Ripple partner Santander goes live with SWIFT’s Global Payments Innovation
Bitcoin [BTC] is not going to disappear, but Ethereum [ETH], XRP and others are “going bust”, says Roubini
Bitfinex pauses USD deposits after Bitcoin [BTC] drops: $2.3 billion at stake as insolvency rumors threaten USDT legitimacy
Tron [TRX/USD] Technical Analysis: The bulls have charged attack on the bear
XRP can now be used as collateral for $2 million instant loans
Tron [TRX] Foundation and Justin Sun announce a new partnership event
XRP, Ethereum [ETH] create ripples in cryptocurrency space; market wakes up to developments
Is Tron [TRX] planning to build its decentralized TronTube after the YouTube outage incident?