Topic: Crypto exchange Coinroom disappears with customers funds, Website Offline (Read 343 times)
June 06, 2019, 05:15:52 PM
It is a shame that the scammers in all ways trying to steal other people's money. This is very spoils the reputation of the crypto currency. I really hope it stops someday.
June 06, 2019, 04:01:28 PM
Polish crypto exchange Coinroom has disappeared along with customers' funds. Their website and all social channels are MIA as well. Ciphertrace reported that in Q1 of 2019, over 356 million dollars from cryto exchanges were stolen which were all visible losses. However in this case the total amount of funds remain unknown which ultimately means that there are even bigger losses at hand than just the 365 million which is insane.
I am really disappointed to have to keep hearing about these types of exit scams. What do we do?
https://www.thecryptoupdates.com/crypto-exchange-coinroom-disappears-with-customers-funds-website-offline/
This is sad news! Was this exchange a popular one in Poland? Was it registered or regulated in any way? Are the owners at least publicly known? I think the users should file complaints to the officials (police or something) for cyber-robbery. Perhaps there's still a way to make the owners take responsibility. Poland is in EU, so I think there at least should be a way to make those people criminals and look for them. I am sorry that people lost money there... So sad that it happens quite regularly. I believe it's a good time to recall that exchanges are never a good place to hold money and that it's worth to check the recent reviews right before using an exchange. I was once scammed in a similar way as well, so now I am very cautious.I am really disappointed to have to keep hearing about these types of exit scams. What do we do?
https://www.thecryptoupdates.com/crypto-exchange-coinroom-disappears-with-customers-funds-website-offline/
People do always been advised for a thousand times that never ever store your coins on an exchange yet these things are prone to hacks and scam by owner itself.
Sorry for those people who lost up money on this situation.
June 06, 2019, 03:10:04 PM
This is very annoying and heart breaking. These guys should be tracked and should be apprehended. That region is not trusted at all, I don't just leave my funds in any kind of exchange cause thid kind of issues. I feel BD for people who lost their funds.
June 05, 2019, 02:46:35 PM
I am also concerned about the victims of the scam acquisition. Scam is the biggest problem for the crypto market since the past, even investor interest in the ICO has declined in 2018 due to the large number of scammers. Actually we need a platform that can handle scammers or a crypto police where all new crypto platforms have to do this crypto police, hopefully there are platforms like this to reduce scammers.
June 05, 2019, 02:18:35 PM
Polish crypto exchange Coinroom has disappeared along with customers' funds. Their website and all social channels are MIA as well. Ciphertrace reported that in Q1 of 2019, over 356 million dollars from cryto exchanges were stolen which were all visible losses. However in this case the total amount of funds remain unknown which ultimately means that there are even bigger losses at hand than just the 365 million which is insane.
I am really disappointed to have to keep hearing about these types of exit scams. What do we do?
https://www.thecryptoupdates.com/crypto-exchange-coinroom-disappears-with-customers-funds-website-offline/
This is sad news! Was this exchange a popular one in Poland? Was it registered or regulated in any way? Are the owners at least publicly known? I think the users should file complaints to the officials (police or something) for cyber-robbery. Perhaps there's still a way to make the owners take responsibility. Poland is in EU, so I think there at least should be a way to make those people criminals and look for them. I am sorry that people lost money there... So sad that it happens quite regularly. I believe it's a good time to recall that exchanges are never a good place to hold money and that it's worth to check the recent reviews right before using an exchange. I was once scammed in a similar way as well, so now I am very cautious. I am really disappointed to have to keep hearing about these types of exit scams. What do we do?
https://www.thecryptoupdates.com/crypto-exchange-coinroom-disappears-with-customers-funds-website-offline/
June 05, 2019, 02:01:13 PM
I can't even fathom how these exchange operators manage to get out in the wild without being traced after they vanish. For the most part, they must have been registered as a form of business/service on the country that they operate in, but then we still don't see anyone being nabbed on these grand exit scams apart from a few known people. Heck, up to now we don't even see any progress for dozens of crypto exchanges case. It's just sad that regulations are heading towards 'consumer protection' but doesn't seem to protect people in the event of such scams.
Yes, this company is registered at Polish KRS, its CEO name is known, the share owner name is known as well.
June 05, 2019, 01:30:20 PM
I can't even fathom how these exchange operators manage to get out in the wild without being traced after they vanish. For the most part, they must have been registered as a form of business/service on the country that they operate in, but then we still don't see anyone being nabbed on these grand exit scams apart from a few known people. Heck, up to now we don't even see any progress for dozens of crypto exchanges case. It's just sad that regulations are heading towards 'consumer protection' but doesn't seem to protect people in the event of such scams.
June 05, 2019, 01:19:57 PM
I think there is a few things that all of us could do. First is majorly education and teaching users about how to properly store their funds and why keeping them on exchanges might not be the best way. The second being the need for compliance on the exchange's end. Firms like Ciphertrace are set in place to project any signs of money laundering or suspicious activities. Just like a bank would be able to notify you for any signs of fraudulent activity.
June 05, 2019, 08:47:52 AM
I don't like projects and exchanges from that part of the world. I can only leave some good money on exchanges with a trusted team and from a region that has good business trust. Keeping fund in ones private wallet remains the best option.
June 05, 2019, 08:47:27 AM
Polish crypto exchange Coinroom has disappeared along with customers' funds. Their website and all social channels are MIA as well. Ciphertrace reported that in Q1 of 2019, over 356 million dollars from cryto exchanges were stolen which were all visible losses. However in this case the total amount of funds remain unknown which ultimately means that there are even bigger losses at hand than just the 365 million which is insane.
I am really disappointed to have to keep hearing about these types of exit scams. What do we do?
I am really disappointed to have to keep hearing about these types of exit scams. What do we do?
Yet another exit scam... In my opinion these should be treated the same as "hackers" stealing coin, ie: share all their addresses and blacklist them immediately. All other exchanges and mixers should cooperate. Until the community organizes and gets ready, these things will keep occurring.
June 05, 2019, 08:40:35 AM
This is not the first exist scam in the crypto-exchange sector, and definitely this is not going to be the last one. On top of that, most of the crypto-currency exchanges located in Eastern Europe are having a shady reputation. The users should have taken the necessary precautions by not keeping their coins in the exchange wallet.
June 05, 2019, 06:31:06 AM
That is such a big amount, authorities should be alerted so they can start hunting these people and charged, exchanged are more compliant than ICO, so there should be charges to be filed but I'm sure it will not have a big impact on the market as this is considered a local exchange.
June 05, 2019, 03:34:03 AM
I can't understand one thing.In the European Union, everything is clearly regulated and controlled.How do crooks get away with it?Or is the control system ineffective?So then why do we need KYC,everyone's talking about...
June 05, 2019, 03:18:22 AM
This is a sad news, people belief especially those who are hesitant about Bitcoin to gear towards negativity about cryptocurrency. Though case like this also happen to fiat currency, this event will have a more negative impact to the cryptocurrency adoption since people will think twice before diving into cryptocurrency investment because of such scam.
June 05, 2019, 03:16:02 AM
This incidence is really disheartening, I still find it difficult to understand why a crypto exchange should disappear with users users funds. With these incessant cases of crypto fraud either through hacks of exchanges or through exit scam, I think is time for some regulation in this space especially in respect to crypto exchange as they seem to hold large funds belonging to numerous users. On a final note, I would love to advice people to trade in exchanges with well know Team.
June 05, 2019, 03:04:11 AM
Definitely a terrible exit to pocket innocent investor monies over a period of months. All their sites are not accessible anymore. I hope these kind of centralized exchange scam could be prosecuted asap for those poor investors. Its really important to not simply go for local exchanges as they might not registered and operate illegally. Few startups are getting up in my country and those fishy one does introduce lots of 'passive profit' scam to drag investor just simply they have set up an exchange engine. These kind of scam really does harm the genuine small business chipping a part in crypto volatility
June 05, 2019, 02:58:23 AM
Did we read the same article? All you guys talking about Ponzi but i didn't see anything related to Ponzi. It is odd people hold that much of btc in a so low profile exchange but still for Ponzi, website needs to offer their users an earning. Like we are giving %20 interest to all cryptos kind of way. But as i saw from the article it is just a plain exchange, no different than mt.gox or cryptopia.
I also lost little on cryptopia and i feel for victims who lost their money on there.
I also lost little on cryptopia and i feel for victims who lost their money on there.
I’ll agree with you this is not a Ponzi scheme as no returns were promised, and what’s surprising is the amount of money people have deposited with this exchange. Those who are experienced with crypto’s will say the same thing never leave your money on exchanges, cause there’re high chances you’ll loose your money.
June 05, 2019, 02:56:05 AM
'Crypto Exchange Coinroom' and people losses! The funds evaporate with a brand like it never existed before and it reveals another scam which rings the wake-up alarm for all to verify the platforms before investing or trusting them.
June 05, 2019, 02:50:46 AM
Did we read the same article? All you guys talking about Ponzi but i didn't see anything related to Ponzi. It is odd people hold that much of btc in a so low profile exchange but still for Ponzi, website needs to offer their users an earning. Like we are giving %20 interest to all cryptos kind of way. But as i saw from the article it is just a plain exchange, no different than mt.gox or cryptopia.
I also lost little on cryptopia and i feel for victims who lost their money on there.
I also lost little on cryptopia and i feel for victims who lost their money on there.
June 05, 2019, 02:38:02 AM
Another ponzi scheme. But i am not feeling bad for people lost their money.
Ponzi schemes are very easy to understand at first glance. But people are still investing in because of their enormous greed.
Ponzi schemes are very easy to understand at first glance. But people are still investing in because of their enormous greed.
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