The CEO of Golix, claims to have lost the password to one of the exchange’s Bitcoin cold wallets.
Local news reported that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of last year. IHare wrote that the “password fiasco” was confirmed by two separate sources, despite Kembo’s claims that the entire situation has been taken out of context.
The problem started when financial regulators in Zimbabwe ordered Golix to cease their operations, due to violating regulations (or something of the sort).
Since then, Golix has reportedly stopped communicating with investors, while a large portion of the exchange’s customers continues to be unsuccessful in retrieving their investments from the exchange… which is a big cause for concern, obviously.
Kembo himself came forward and responded to allegations that Golix failed to process customers’ withdrawals.
Kembo denies that his company was unable to process withdrawals, saying that “99% of the people who have attempted to make a withdrawal on Golix have seen it go through without a hitch.” Kembo adds that the claims of customers unable to withdraw funds come from the 1% minority.
However, Kembo did not deny that he lost the password to the wallet containing 33 Bitcoins, worth over $305,000 at press time, but, as mentioned earlier, “claims that the entire situation has been taken out of context.”
