- Viral rumors claimed crypto exchange BullX had shut down operations, but trading data shows continued activity.
- The exchange’s CEO responded to allegations, and customer support channels remain active on Discord.
- Claims about referral payment issues from influencers persist, though the platform appears fully operational across six blockchains.
Rumors of cryptocurrency exchange BullX’s demise spread rapidly across social media this week after a viral post on X garnered hundreds of thousands of impressions. The post alleged that the multi-blockchain trading platform had "called it quits," with claims that its CEO deleted his Telegram account, failed to properly compensate influencers, and delayed withdrawal requests.
Exchange Shows Signs of Normal Operation
While BullX has not posted on its official X account since February 9, data contradicts claims of a complete shutdown. A dashboard monitoring the exchange’s trading volume shows tens of millions of dollars in activity over recent days, consistent with typical patterns. Additionally, the platform’s status checker indicates operational services across all six supported blockchains.
The company’s CEO, known as Blitz, directly responded to the viral allegations, demonstrating continued social media engagement despite rumors. When investigating these claims, reporters found BullX’s Discord server remains active with moderators responding to user inquiries within minutes.
Referral Payment Disputes Continue
Several influencers within the original viral thread continue to express frustration about referral payouts. The thread creator claimed that BullX had underpaid promoters for customer referrals, though these allegations remain unverified.
Some users found it suspicious that the CEO deleted his personal Telegram account while steering customers toward an automated support bot. However, this appears to be the company’s standard customer service approach, as the Telegram bot is listed alongside Discord as an official support channel on BullX’s homepage.
BullX specializes in executing trades across multiple decentralized exchanges (DEXs), with a particular focus on Solana-based platforms while supporting various other blockchains and layer 2 solutions. Despite the ongoing controversy regarding referral payments, the exchange’s core trading functionality appears to remain intact, contradicting rumors of a complete shutdown or exit scam.
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