Leading Indian cryptocurrency exchange Koinex has just announced that its services are not going to be available for the next 24-48 hours. The exchange has tweeted that the downtime is due to an unanticipated system failure. The exchange has also added that its engineering time is working on the problem to ensure a speedy recovery.
While such an unexpected downtime does raise fears of a compromise, the exchange has assured users that all the funds are completely safe. Koinex has said that this downtime is for technical performance optimisation.
The exchange will keep posting updates on the issue. Follow us on Twitter for regular updates.
(Image Credit: Koinex)