Bangko Sentral ng Pilipinas (BSP) regulated exchange PDAX (Philippine Digital Asset Exchange) went down for emergency maintenance since 16 February 2021 as Bitcoin hits an all-time high of US$50,000 (P2.4M) yesterday, 16 February 2021, leaving a lot of its users worried with some thinking that they had been scammed as they missed the opportunity to trade for the entire day.
At around 8:39 AM of Tuesday, 16 February 2021, PDAX Team sent an email advising its users that they are conducting emergency system maintenance while assuring their clients that all funds are safe. A string of updates was sent by PDAX via email by 1:11 PM, 4:42pm, and the latest by 10:41pm – advising their clientele that both the PDAX exchange and mobile app remain under maintenance – still assuring that all funds and assets are safe.
