Aphelion disabled trading: SEC rulings


(Bunder) #1

This morning I saw this message from the CEO of Aphelion. They disabled trading, probably because Aphelion had NEX trading pairs, and Aphelion is no regulated exchange.

All market pairs in the Aphelion DEX will be disabled on November 21, 2018 .

neo%20nex

Funds are safe and even if you don’t cancel your orders or withdraw your funds we will process those automatically starting on Friday November 23rd, 2018 .

Bunders Advice:
Get your NEX tokens away from this stupid exchange, and wait for NEON EXCHANGE!

-bunder :nex_logo:


(Oldsport) #2

I wouldn’t call them stupid. Their article is clear as to why they allowed themselves to trade without proper permission.
That being said, it is true that their DEX was pretty much ghost town apart from NEX trading pair. And you’re right, we’re all hopefull that NEX will be incomparably better, in a different league even! :wink:


(Guardian Circle) #3

Interesting. Thanks for posting.


(Len) #4

Really clear article of another struggling start-up in the cryptosphere. I unfortunately do not see a bright future for them. Although I ofcourse hope they make it through!


(Nex 4 Ever) #5

luckily customer tokens on APH platform were not frozen. the approach they went for was extremly risky and in that regards they put clients funds at that risk. In my point of view every company that collects funds from clients must protect it as best as possible starting with compliance. To play games with financial market regulators is not really an option. In that regards stay safe guys.


(Mdk757) #6

i do not


(Mdk757) #7

I dont know gow about you guys n girls, but i am very happy for Aphelion closure


(Patos29) #8

The real question, what’s going to happen to the NEX held hostage. Will they dump the tokens?


(Neo Maximalist) #9

Next time please read the article before commenting


(Aaron K) #10

:nex_logo: gets a shout out from K-Dub (@18:22) regarding Aphelion closure


(Mao Mao) #11

@NEX4EVER that is why NEX team is here…they are moving towards fully compliant with regulators! Lovin NEX!


(Gdv J) #12

So, after the Aphelion closure, does anyone know if there are currently any good (easy-to-use, reliable) options to buy NEX?


(Hitesh) #13

@canesin I was very curious about what did NEX do with the NEO collected during the ICO. Was it converted on the spot or are you holding any neo collected during the ICO. If yes, it is huge loss to our compony, since NEO is now hals the ICO price.


#14

@hitesh Here is what Fabio said recently on it…


(Njb) #15

You can also trade on TOKOK.


(Colegio) #16

You can also buy/sell in OTC channels but beware, full of scammers. Almost got scammed myself.


(Snkbam) #17

is that site legitimate? seems really fishy to me… I was wondering whether to start buying there


(Njb) #18

Still experimenting with it myself. It takes at least 24 hours to get verified. You need verification to be able to withdraw funds.


(Mdk757) #19

i wouldnt?


(Njb) #20

I have done several successful trades on TOKOK. Works fine.