X's viral post has earned hundreds of thousands of impressions, claiming that Bullx, a multi-blockchain cryptocurrency exchange, has “stop it.” Critics claimed that the CEO removed telegram accounts, low-wage influencers for referrals, and delayed the request for withdrawal.
Bullx is a trading system that allows users to perform trading on several so-called decentralized exchanges (DEXS). Bullx highlights Solana Dexs, but supports several other blockchains and Layer 2.
Certain facts are true. Bullx has not posted anything on its X account since February 9th. There are also some influencers from influencers on referral payouts in the X-threads, which compete.
However, the CEO responds to the virus' tweets and shows that he continues to respond on social media. Furthermore, although referral claims about underwage continue, the exchange appears to be working perfectly.
The Bullx Volume dashboard shows tens of millions of dollars in trading activity over the past few days, in line with recent averages.
Despite the exit scam claims, Protos staff were able to access Exchange's Discord Server, which is still listed in Bullx's social media and homepage footer. The server was still having an active conversation within the past hour, including posts by moderators.
Through Discord, Questions continue to get answers from moderators within minutes.
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Bullx lists its telegram bots along with Discord as a deliberately automated support channel.
The status checker indicates that the bullx service runs on six blockchains.
Users thought it was suspicious that Bullx CEO Blitz had deleted his telegram account and promoted a non-human support bot, but there was little indication that the exchange had “stop it.”
Protos was unable to confirm any suspected lack of Bullx influencers over customer referrals.
