Nexa has been integrated with Chainge Finance since May 2023, and we appreciate the provided services and the bridging of networks. However, we’ve been informed that the bridge services for NEXA coin are currently unavailable due to the reasons explained by the Chainge team below. Please note that it is a third-party service provider offering bridging services, and we advise against using their services until the situation is addressed.
Explained by the Chainge team
The situation is unusual and has been explained by the Chainge team themselves. We are sharing the link to the official announcement (Telegram: View @chaingefinance) and will quote it below:
“Dear Chaingers,
We know things haven’t been smooth lately. Some bad actors misused our service which led to our vault addresses getting blacklisted. This caused a liquidity shortage and as a result, txns have been stuck. We’ve been working on legal solutions. Our lawyer has been working on to present our service and made it clear it has nothing to do with us but it’s taking longer than we initially hoped.
To fix this situation, DJ Qian (CEO of Chainge) has personally stepped up and offered to put 5$ million of his own money into resolving the issue. However, the process of getting his money at hand is taking more time than we expected and we know that’s frustrating.
We want to be clear:
Not everyone in this space is the same. We’re fully committed to making this right and pushing forward with the innovative ideas we’ve been working on.
We understand there’s been a lot of speculation but we’re asking for your patience and trust. Also requesting you to avoid all the speculations.
We’re not going anywhere. We’re here to stay. We will definitely fix this situation as soon as DJ receives his funds to inject the needed liquidity.
If I want to highlight some of DJ’s comments, here they are:
- Again, I will make it your proud. I am not going anywhere. I commit I will resolve it.
- To be honest, I dare not give you any ETA. What I want to say is that I 100% will resolve it. I am getting funds back from two places. One is the backup as the other one. I am expecting it this week. But I can’t commit. The latest would be next week from my understanding.
- I fully understand all those FUD. Because you can’t move your assets for a quite long time.
If you’d like to hear more directly from the CEO, simply click the search icon and select DJ’s TG ID. There, you’ll find all the clear and detailed updates straight from him.
Thank you for sticking with us in this difficult time.
Best Regards,
The Chainge Team.”
To sum up
The cryptocurrency industry is new and risky, often associated with new software developments and technologies, which can sometimes lead to unfortunate events such as the one above. Nexa is a decentralized blockchain, but it is integrated with more third-party services and exchanges. Please always be aware and conduct your own research before interacting with third-party services.