CoinDCX crypto exchange playing games with Pepe token against customers (contravarsy)

CoinDCX exchange listed Pepe token & further delisted. Now CoinDCX customers are looking for further new action by the exchange ahead of potential Pepe token support plans. 

Pepe token is an ERC-20 token and this token is fully based on meme coin concept, meaning no use case for this token. In the last 10 days, Pepe surged by more than 5000%. Over the last week, this token grabbed listing support on several crypto exchanges, including the Binance exchange. 

On 19 April 2023, Popular Indian crypto exchange CoinDCX announced listing support for this token via the Telegram channel, and also listed this meme token.

Many CoinDCX customers purchased this newly listed token but now they are failing to withdraw/trade. 

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The CoinDCX team delisted Pepe token from the platform and the majority of the Pepe token traders reported that they are failing to use their Pepe token balance in their accounts & their corresponding CoinDCX account is showing Pepe token balance locked. 

@smtgpt They have removed PEPE from their market list. Forget about buying, you can't even sell. What's happening man. This is crazy. My funds are stuck. What to do ? pic.twitter.com/GcNv3P98Ha

— Voice for the voiceless (@Prashan20108121) May 2, 2023

Interestingly On 5 May, CoinDCX co-founder Sumit Gupta said that the exchange will not list Pepe tokens despite the surging popularity of this meme token in the crypto sector, citing the security of the customers.

I want to address the recent requests to list a certain memecoin PEPE that has been trending in the market. While we understand the excitement around this particular asset, we have made the decision not to list it on @CoinDCX

We take our responsibility as a trusted platform…

— Sumit Gupta (CoinDCX) (@smtgpt) May 5, 2023

Now both of these two situations are showing a high level of conflict of interest between the CoinDCX team & its boss Sumit Gupta because here we can consider that team listed the Pepe token without any permission from the CoinDCX CEO and further delisted it without any official announcement. 

they listed at first, on may 2nd mailed everyone,they e1 mentiond in notice its maintainence purpose & e1 told those who want 2 hold coins dey can continue to carry, dey mentioned something abt conversion complete.

— Imnotcheguevara (@imnotcheguevara) May 6, 2023

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CoinDCX crypto exchange playing games with Pepe token against customers (contravarsy)

 

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