Their exit scam was 2 years ago when they tweeted they were shutting down and closed the site a few weeks later. No email to users or anything. That's why I think this is some legal hoop they have to jump through to legalize all the funds on the site.

Thank you for that, I didn't realize this was a common scam. The fact you say they "close suddenly then appear with a specific deadline for withdrawal" to make the money legal actually adds to the legitimacy in my eyes, as everything I've seen so far suggests that they are only doing this for some legal reason. They definitely do not seem to be advertising the fact they are reopening for a short time, and the email I got was because of the open support ticket I had submitted almost a year ago.

I'm pretty sure they never had a business address. As I mentioned before, this was always a suspicious site and that was one of the reasons this site had a "junk" password and only "play" money. But it was a great site for arbitrage, as it had a public api and no bots, so was the primary site I used to earn btc. The fact they closed down 2019 and never sent an email to users (only tweeted about it on their social media) should give some indication about how sketchy of a company it was, and could potentially be the reason for this unannounced withdrawal period.

Thanks for the list of social media accounts. From what I can tell, those were all abandoned when they shut the site down.

I did find my login for their official support site, and discovered the email I got was a reply sent from the support team where they sent it out and closed my support ticket 11 hours ago. There is a new section in the Terms and Conditions on their site for "Closure of CoinExchange and Withdrawals", and the main page of the site now serves as their "official closure notice" and includes the line "This notice constitutes a Closure Notice as set out in clause 22 of the terms & conditions governing www.coinexchange.io."

Right now I am leaning in the direction that they got hit with some kind of lawsuit and are trying to jump through hoops to make the money on the exchange officially theirs. It seems like it would otherwise be a very elaborate scam to buy the domain, buy all the site's software and data associated with it, NOT advertise the brief site reopening period for final withdrawals (May 18 to 30), and just hope that the profit made from getting login info and KYC docs is enough to offset the money/time/effort put into it setting this up. The site was always rather fishy and unsecure, so it was largely full of troll users and altcoin pushers. Or maybe that's just my wishful thinking...

Is it on their official twitter? I did not see anything on there.

From what I can tell, the website came back online with little fanfare with some notice saying they would be reopening the site on May 18 for withdrawl of funds, and close it again on the 30th. None of the actual withdrawls would occur until after that window is closed, so nobody can say if they are actually getting their coins back.

I saw the whois domain update in Feb 2019, but wasn't sure what occurs that would update the "Last Updated" field. The original domainname was registered in 2016 and expired in 2023. Would them selling the domain to someone else just cause Update?

For what it's worth, the site was always rather unsecure and felt fishy, which is why I had a "junk" password on it. The fact they announced their closure with a tweet and shutdown 2 weeks later with everyone's coins didn't help. I am unclear on if this is a legitimate attempt to get users back their coins (perhaps because of a lawsuit), or if they're just trying to double-dip and steal login info and KYC docs for identity fraud.

A year or so ago when I learned CoinExchange had shutdown, I sent their support an email about recovering my funds. I got what appears to be an official reply from their support email today saying


Navigating to the site in my browser takes me to what looks like a normal login, in which my username, password, and 2FA all worked to get me logged in (including the automated email about a login). The final step is to complete KYC Verification which includes sending them a photo of myself and my govt issued ID, which is something I had to do for Coinbase as well to access my funds.

This all SEEMS legit, however I am still wary about submitting my govt id to them. Does anyone know if there was any official announcement of all this, or if this is just some very clever spear-fishing scam? The fact my login and 2fa worked is a point in their favor (used a couple bad logins too just to verify it wasn't something that automatically let me go through). I would like to recover my btc from this site, which is probably a few thousand at this point. Is there any way to validate this is really them, and not some 3rd party that has bought the domainname and is fishing for information?

Hrm I'm guessing the lack of response means it's probably not worthwhile?

My brother got me into alt-coin trading last month after I heard he took $28 and ran it up to over $10k in alt-coin arbitrage trades. I quickly learned I didn't have the patience to spend so much time number crunching and watching markets, so created an app to do that for us. He's moved past small-time alt-coin arbitrage trades, and suggested I try to market it to others.

Would anyone here be willing to test and provide feedback on if they think it's worthwhile, and/or what needs to be added?

There's a Google Doc explaining the project at https://docs.google.com/document/d/1aaxNYU_9NwGXuWApnOHIPt6gJUydVkPbrOOoBqJjy98/edit?usp=sharing to read more about it, or if you'd be interested in trying it out and testing for me, send me a message and I can add you to the access list for the google drive location of the program.