CoinsMarkets.com exit scam

[Tuteresa]

Coinsmarkets is a crypto exchange that has been all but down since January 5 with trading and withdrawals disabled. The exchange claims they were having server and database issues. In late January Coinsmarkets announced on their site that "trading would be enabled in a few hours". That never happened.

The Coinsmarkets domain was registered under a fake name that led to an address in the Netherlands. There's a Bitcointalk topic called "Experiences with CoinsMarkets.com?" and somebody living near that address in the Netherlands went to check it out and there was nothing related to a cryptocurrency exchange at the address. It was just some wealthy residential area.

The person/s behind the Coinsmarkets profile on Bitcointalk has logged in at least on January 20 and March 15 but didn't post anything there. Coinsmarkets has not communicated at all apart from the often short banner texts on their webpage with promises that the problems they're having would soon be fixed. Previously Coinsmarkets was down for a short period of time in September 2017 and back then the Coinsmarkets profile provided updates in the Bitcointalk forum.

In mid-February ECA team announced they would start looking for legal action to get Coinsmarkets open the withdrawals for all coins. Soon after, Electra withdrawal was opened on February 24.

Coinsmarkets update on their own webpage stated they would allow withdrawals of other coins after they've "finished checking each coin" but all that has followed is the opening of withdrawals only for coins that have no value. On March 12, they opened withdrawals for Sucr, Muncoin, Ember, Tagit, Flappycoin, Modjo, Interzone, Philscurrency. Then March 16 followed DCS, BYZ, PLATINUM, HRMC, BTN, CNTF, SAT, Santa. Then March 19 followed Lemanum, GoaCoin, Nanucoin, MoneyBag, OCOW, Xylo, CRDS, Onex.

All they allow to be withdrawn are worthless coins, many of which aren't even on CoinMarketCap, and there are around 350 coins listed at Coinsmarkets. It's been almost three months and basically nothing has changed. Almost no communication. No legit business does that.