Trade.io did some time ago announce the suspension of all trading activities due to very bad market conditions but they said it was only temporary and said that the trade. io is not bankrupt...
The problem I have is that you cannot ever trust what they say though. They continually lie and change things.
Look at the screenshots attached.
October 2: They posted on Medium that the exchange is going to be completely revamped. They highly recommended that people check out their new website. Then they said, there is nothing else worth mentioning. How many people took this as great news and signed up or invested in more coins?
October 7: They posted on Twitter that it's never to late to join and receive daily payouts.
October 21: Only 2 weeks later, they announce the suspension on Twitter.
So in less than a month, they go from encouraging everyone to join, to closing the exchange. So either their management makes rash and unplanned decisions, or else they intentionally lied to suck in more investors and traders before closing the exchange. Either way is bad.
To make it worse, they do not even let you log in and withdraw your coins. They locked everyone's coins until KYC documents are sent in. Yet, they allowed members to open accounts and deposit without doing this before.
As if that is not bad enough, the partners who worked hard promoting Trade.io are now screwed out of receiving commissions. And the promised daily payouts they mentioned to those who joined their liquidity pool are not being sent too. They completely have been changing things since day 1 and not doing what they say.
