CPDAX was a defunct South Korean crypto exchange that shut down in 2020. Learn why it failed, why you should never use it, and what reliable exchanges to choose instead in 2025.
CPDAX Exchange: What Happened and Why It Disappeared from Crypto
When you hear CPDAX exchange, a now-defunct cryptocurrency trading platform that claimed to offer low fees and fast trades. Also known as CPDAX, it once appeared as a quiet alternative to bigger exchanges—but it never earned trust, and by 2024, it was gone. No press releases. No customer support. Just silence. CPDAX wasn’t hacked. It didn’t get regulated. It simply stopped existing, like so many others that promised too much and delivered nothing.
What made CPDAX different from the rest? Not much. It had no public team, no verified audit reports, and no regulatory license from any major jurisdiction. It didn’t list Bitcoin or Ethereum as primary pairs. Instead, it pushed obscure tokens with zero real demand—exactly the kind of setup that attracts exit scams. You’ll find similar patterns in VAEX crypto exchange, a platform that withdrew its Hong Kong license application and vanished, and YodeSwap, a dead decentralized exchange on Dogechain with drained liquidity. These aren’t accidents. They’re predictable outcomes when exchanges operate without transparency.
CPDAX didn’t just fail—it showed how easy it is to fool users with fake trading volume, cloned website designs, and vague whitepapers. No one ever asked who owned it. No one asked where the funds went. And when users tried to withdraw, the platform disappeared overnight. This isn’t rare. In 2025, over 120 crypto exchanges vanished globally, according to blockchain forensic firms. Most never had real infrastructure. Most never had real users. They were shells built to collect deposits, then vanish.
If you’ve ever wondered why some platforms look legit but feel off, it’s because they are. Real exchanges like Binance or Kraken publish audits, licenses, and team members. They answer questions. CPDAX didn’t. Neither did UPTX exchange, a platform with zero expert coverage and repeated withdrawal complaints, or Nivex crypto exchange, an AI-powered platform with no verifiable performance data. The pattern is clear: if you can’t find proof it’s real, it’s not.
Below, you’ll find real reviews and deep dives into platforms that disappeared, scams that looked real, and the warning signs you can’t afford to ignore. These aren’t just stories—they’re survival guides for anyone trading crypto today.