A buzz started online when a post on X went viral, racking up hundreds of thousands of views. The post claimed that BullX, a cryptocurrency exchange bridging multiple blockchains, was throwing in the towel. The person behind the post alleged that BullX’s CEO had disappeared from Telegram, wasn’t paying influencers their referral fees properly, and was dragging his feet on processing user withdrawals.

For those unfamiliar, BullX is a trading platform that lets you trade across various decentralized exchanges (DEXs). They particularly focus on Solana DEXs but also work with a bunch of other blockchains and layer-2 networks.

Now, some things are indeed fact. It’s true that BullX hasn’t tweeted anything from their official X account since way back on February 9th. And, there’s definitely some grumbling from influencers in that same X thread about not getting paid what they were promised for referrals.

However, the CEO himself jumped in to respond to the viral tweet, showing he’s still active on social media. Plus, even though those complaints about influencer payments are still floating around, the exchange itself seems to be running just fine.

Looking at a dashboard tracking BullX’s trading volume, it’s clear they’ve been seeing tens of millions of dollars in trades happening daily recently, which is pretty normal for them.

Despite all the chatter about a potential exit scam, our team at Protos managed to get into BullX’s Discord server. This Discord link is still right there on their social media and at the bottom of their website. And guess what? The server was buzzing with activity just within the last hour, with moderators still posting.

In fact, when we checked the Discord, questions were still getting replies from moderators in mere minutes.