I intend to use this post as resource for anyone who wants to keep abreast of the Bittrex situation. It might be an idea to bookmark this page or follow us on Twitter for the latest information.
Any additional information added after the initial publish date will be added bellow with the appropriate timestamp.
UPDATE 13/12/2017 – Daniel publishes update on the official Safex Forum – Read Article.
What we know so far
Bittrex decided to delist Safex from their exchange – no official explanation has been made yet but the general community consensus is that they consider it a Security.
Daniel Dabek has issued a public statement for the community and submitted this statement to Bittrex, which argues that Safex should not be considered as a Security.
There has been no public response from Bittrex with regards to why they are delisting Safex.
Daniel has confirmed that he is attempting to communicate with the Bittrex team to come to some form of resolution.
Regarding the other exchanges
Daniel has acknowledged that many in the community have recommended Binance and will be investigated what is required to join. Where this fits in with the overall timeline is unknown.
It was confirmed once again that there are discussions about joining two new exchanges in the coming months. One based in Serbia and one in Poland.
Safex is also still being sold on Coinspot (great for our Australian friends!).
Regarding the wallet maintenance on Bittrex
I understand that there are a lot of concerned Safex owners who still have their coins in Bittrex and wish to transfer either directly to a Safex wallet or over to Cryptopia.
For whatever reason (whether it’s a conspiracy or just sheer coincidence we’ll leave that to Discord!) the Bittrex Safex Wallet is currently under maintenance.
It is unknown how long the wallet will be in maintenance for. Many are hoping that it’ll be before the 15/12/2017 delisting deadline.
Bittrex should allow at least 14 days after the delisting date to withdraw your Safex from out of their wallet.
It seems that no amount of support tickets, tweets and emails will affect Bittrex’s decision on removing Safex from their listings.
At this stage, plan your move (when possible) assuming the delisting will be going ahead. If you’re a trader or you’re looking to buy more Safex at it’s current incredibly low price, it’s recommended you create a Cryptopia account.
In the meantime, whilst waiting for the wallet maintenance to end, please check you’ve got your Bittrex account verified, otherwise you’ll face more roadblocks later on when you want to withdraw.
It’s wonderful to see such a positive and supporting response from the Safex Community as a whole.
Naturally, situations like this are bait for organized FUDDERS, leveraging the situation to drive the price down and buy in the dips.
You will hear a lot of accusations against Safex. Ignore them. The Bittrex situation is a small blip in the grand story of Safex. This has not halted plans for the release of the new website, white paper and future partnerships, mentioned in this week’s development update.