DragonEx will introduce tokenized quotas for the withdrawal of cryptoassets

The Dragonex Singapore cryptocurrency exchange will temporarily introduce tokenized quotas to withdraw digital assets as part of the solution of current problems.

Dragonex withdraw quota tokens will receive trading platform users (Dwq). 1 DWQ will allow you to withdraw one asset from the platform, price which is equal 1 USDT. To receive DWQ, customers need to make trading transactions on the exchange, borrow assets or make deposits. When requesting the withdrawal of funds from the user account, the equivalent amount in DWQ will be written off.

Dragonex's leadership reported, that this is just a temporary solution, which will help the exchange to cope with its current problems. Recall, what 21 On October, Dragonex announced the suspension of the input and withdrawal of digital assets due to the “crisis of trust” of users to centralized sites against the background of problems with the OKEX exchange.

Last month, OKEX stopped the output of crypto assets, since one of the holders of closed keys was not available in connection with the investigation, which is conducted by Chinese law enforcement agencies. According to Dragonex leaders, After the “incident” with OKEX, users lost confidence in exchanges and began to withdraw funds, Which negatively affected Dragonex.

Earlier, the exchange announced the study of the restructuring plan to restore the withdrawal function and did not even exclude the likelihood of its closure, If she could not have been reorganized before 2 November. In his recent appeal to users, the Dragonex management said, what is in search of external investments, However, this takes time.

Dragonex plans to gradually restore the withdrawal of assets. To make this process "less painful", it was decided to temporarily introduce tokenized quotas. As soon as the activities of the exchange become profitable, The site will destroy all DWQ tokens and restore the function of the usual withdrawal of funds.

Recall, that in March last year, Dragonex was subjected to a hacker attack. According to the analytical company Chainalysis, For hacking the exchange, there may be a North Korean group of hackers Lazarus.