Antarctic Reviews 

I strongly warn others to avoid Antarctic Exchange (AX) (antarctic.exchange). I deposited cryptocurrency into this platform, but blockchain records indicate that my funds were transferred to another wallet shortly afterward, while the platform continued displaying trading balances, positions, and profits.

When I requested a withdrawal, it remained stuck on “On-Chain Processing” indefinitely. Even more concerning, the withdrawal transaction link pointed to my original deposit transaction rather than an actual withdrawal. Customer support also became unavailable after I questioned the delay.

Based on my personal experience and blockchain evidence, I strongly suspect this platform is fraudulent. My funds have not been returned. Please stay away and do not trust the trading balances or profits displayed on this platform.

I am posting this review based on my own experience with Antarctic Exchange.

I deposited funds, transferred them to the Trading Account, and traded cryptocurrency perpetual futures on the platform.

On May 18 and May 22, 2026, I requested three transfers from my Trading Account back to my Funding Account:

12,000 USDT
5,000 USDT
34,078.63071 USDT

Total: 51,078.63071 USDT

More than 100 days later, all three transfers are still unresolved and Antarctic continues to display them as “On-Chain Processing.”

I contacted Antarctic support repeatedly for months. I asked not only for completion, but also whether they could manually process the transfers, cancel the pending requests, or provide another withdrawal path. I explicitly told support that I was not asking for an ETA — I simply wanted a clear technical decision.

I still have not received a substantive resolution.

I also investigated Antarctic’s Arbitrum settlement contract using reproducible blockchain data.

For my user, I found zero normal Trading-to-Funding settlement events from May 18 through September 7.

During roughly the same period, however, the same Antarctic contract continued processing other users. From May 23 through September 7, I identified 1,231 settlement events across 555 transactions for other users.

The investigation also found that Antarctic’s settlement operators initially did not have enough USDT to process my requests immediately. However, sufficient liquidity later became available repeatedly for the 5,000 and 12,000 USDT requests, and other users were settled during those periods. My requests remained unresolved.

I have preserved the account records, support conversations, blockchain data, RPC search results, and reproduction scripts.

I have now submitted the documented case and technical evidence to CoinMarketCap, CoinGecko, and the U.S. Commodity Futures Trading Commission (CFTC) for independent review.

I am not claiming here that I know why Antarctic has not returned the funds. I cannot determine from public evidence whether this is caused by an internal hold, risk-control process, liquidity management, queue failure, or something else.

What I can state is that 51,078.63071 USDT has remained inaccessible for more than 100 days, the transfers are still shown as “On-Chain Processing,” and Antarctic has not provided me with a concrete resolution.

I will update this review if Antarctic returns the funds or provides a substantive explanation.

Stay away from this platform! They claim to be a DEX, but every single time, internal "fast transfers" between funds account and trading account get stuck in "processing" for a few hours instead of executing instantly on-chain. Furthermore, there is absolutely no verifiable Smart Contract Audit from any reputable firm. The lack of transparency and manual holding of funds make it obvious this is a fake DEX designed to trap your money, so do not deposit anything here!

This exchange, like other unknown exchanges, is a complete scam. Don’t be fooled by the fact that it’s a DEX it’s a completely untrustworthy exchange. I deposited money, traded for a few days, and now I can’t withdraw the funds I deposited. They’re not accepting transfers due to a system error, and live support has been stringing me along for a long time I haven’t gotten any results. I got scammed don’t let this happen to you.

Avoid. I tried to withdraw less than I deposited, they flagged it, and they've now sat on my money for almost a year. I've proven the funds are mine and documented where they came from, and they still won't give it back. At this point it doesn't feel like a security review, it feels like they're holding customer money hostage with no intention of returning it.

Very good exchange and the beat part is there is minimal trading fee.

Loving the Exchange and the fees a very low. Very good trading experience and good support. Keep up the good work. Can’t wait for TGE.

Awesome dex with low trading fee helps me to trade with higher leverage