Coinexchange.io exit scam or fund issue ?

[DGulari]

we have had so many exchanges closing down and a large percentage of those still functioning could join soon. There are rumors that all japan exchanges are planning to close down few months, if not the support that just came. I dont support any exit move from any cryto project, they cant be trusted at all. I like to know if they will come back if market get healthy?

No one exchange will be back just because market get more healtier than now. Once they decided to closing down, it's the end of that exchange. With their announcement like that, it's clearly if their closing isn't exit scam just like other exchange which closed without any announcement.
IIRC i was used coinexchange once, there was no any problem though. Sad to hear that news

[Mahanton]

we have had so many exchanges closing down and a large percentage of those still functioning could join soon. There are rumors that all japan exchanges are planning to close down few months, if not the support that just came. I dont support any exit move from any cryto project, they cant be trusted at all. I like to know if they will come back if market get healthy?

No one exchange will be back just because market get more healtier than now. Once they decided to closing down, it's the end of that exchange. With their announcement like that, it's clearly if their closing isn't exit scam just like other exchange which closed without any announcement.
IIRC i was used coinexchange once, there was no any problem though. Sad to hear that news

We would really have that kind of sympathy to those sites or services which doesnt have any issues into its users regarding into its service rather or compared to those sites who do just completely shutdown without prior notice or announcement and the worst is that they do exit scam.

No exchange will comeback because the trend or the market tends to be good once again.Possibly the might reconsider it out but for sure it would be on different name or would simply
use it up their old ones.

[Kupid002]

we have had so many exchanges closing down and a large percentage of those still functioning could join soon. There are rumors that all japan exchanges are planning to close down few months, if not the support that just came. I dont support any exit move from any cryto project, they cant be trusted at all. I like to know if they will come back if market get healthy?

There are just a humors crypto is also a big market in japan and more people there are able to use even bitcoin in many merchant there daily . If its too this will have a big effect to bitcoin price and the expected bull market will not gonna happen.

[royalfestus]

We would really have that kind of sympathy to those sites or services which doesnt have any issues into its users regarding into its service rather or compared to those sites who do just completely shutdown without prior notice or announcement and the worst is that they do exit scam.

Similar to 50 cent declaring bankruptcy to avoid loosing money, If I know I can announce closure of my exchange in this bear market to prevent suspicion and loss fund, I will do that. It has turn to the order for exchanges to save their profits in recent market condition then it should call for suspicion. Exchange owners are part of the quick richest people in this space and I dont buy their gimmick on lack of fund.  

[shoreno]

There are rumors that all japan exchanges are planning to close down few months,

There are just a humors crypto is also a big market

right . rumors are not identified as true or it will occur on specific dates   . lets just hope that itll not happen because if that happens , that event can be the cause of another dip  .  its unfair if that happens becuase crypto did not even recover yet   .  to the topic , i see that they already have an announcement therfor its not what we call a scam exit  . they do only have a problem maybe related to money but who knows , maybe they can get back in action soon ?

[inthelongrun]

Some here are speculating if CoinExchange is really ending their services or it might be only rumors. This is what CoinExchange looks like in their home page.



So it is true that they are really going to close their services. There is no truth that withdrawals deadline was last October 15. October 15 was the last day people can trade and deposit. Here is their official statement.



December 1 is the last day for its customers to withdraw all its funds. Much better that you withdraw all your funds ASAP.

[Kupid002]

There are rumors that all japan exchanges are planning to close down few months,

There are just a humors crypto is also a big market

right . rumors are not identified as true or it will occur on specific dates   . lets just hope that itll not happen because if that happens , that event can be the cause of another dip  .  its unfair if that happens becuase crypto did not even recover yet   .  to the topic , i see that they already have an announcement therfor its not what we call a scam exit  . they do only have a problem maybe related to money but who knows , maybe they can get back in action soon ?

They are giving oppurtunity to users to widraw there funds before dec 1 so its too far to call it scam.
I think they also plan to get back once the market recover from its lost and they cant sustain it for now thats why  they  decided to stop their business and make an announcement about closing plan.

[Taskford]

There are rumors that all japan exchanges are planning to close down few months,

There are just a humors crypto is also a big market

right . rumors are not identified as true or it will occur on specific dates   . lets just hope that itll not happen because if that happens , that event can be the cause of another dip  .  its unfair if that happens becuase crypto did not even recover yet   .  to the topic , i see that they already have an announcement therfor its not what we call a scam exit  . they do only have a problem maybe related to money but who knows , maybe they can get back in action soon ?

They are giving oppurtunity to users to widraw there funds before dec 1 so its too far to call it scam.
I think they also plan to get back once the market recover from its lost and they cant sustain it for now thats why  they  decided to stop their business and make an announcement about closing plan.

That's what I am seeing also and I cannot call them scam for now since they are letting there investors to get there balances but if they close down there site without notice and far from there deadline then that would be a scam so people should get there balances as soon as they can so that they can secure there money and will not get compromise if something bad will happen.

[AliMan]

There are rumors that all japan exchanges are planning to close down few months,

There are just a humors crypto is also a big market

right . rumors are not identified as true or it will occur on specific dates   . lets just hope that itll not happen because if that happens , that event can be the cause of another dip  .  its unfair if that happens becuase crypto did not even recover yet   .  to the topic , i see that they already have an announcement therfor its not what we call a scam exit  . they do only have a problem maybe related to money but who knows , maybe they can get back in action soon ?

They are giving oppurtunity to users to widraw there funds before dec 1 so its too far to call it scam.
I think they also plan to get back once the market recover from its lost and they cant sustain it for now thats why  they  decided to stop their business and make an announcement about closing plan.

That's what I am seeing also and I cannot call them scam for now since they are letting there investors to get there balances but if they close down there site without notice and far from there deadline then that would be a scam so people should get there balances as soon as they can so that they can secure there money and will not get compromise if something bad will happen.

Good thing that they're letting their investors pull out their asset, so only speculations went out bad and no conformity from coinexchange. There should be proper information before putting any conclusions abruptly, because this could create worries and panic as well. The timeline for the withdrawal of each and every investors crypto asset is far way too long, and I guess they should do it immediately to expedite the transfer of funds and nothing will go wrong along the way.

[dannybrown]

Its not a scam in my opinion because they did not steal anything from anyone. They could steal but they are now warning people to remove their assets from the exchange so nothing will be lost. We have seen exit scams too, but this exchange did not do this way, they are actually trying to help the exchanges users by letting them know about the situation.

[Strongkored]

When they announce that they will close their service then it is an act that they won't to be a scammer by bringing all the traders fund, the announcement also prove to make the crypto world not always labeled with fraudulent activity, which is always an issues in crypto space.

[milewilda]

When they announce that they will close their service then it is an act that they won't to be a scammer by bringing all the traders fund, the announcement also prove to make the crypto world not always labeled with fraudulent activity, which is always an issues in crypto space.

You are right but you cant really remove on anybodies mind for that kind of impressions in times where exchangers tends to close yet majority of them would really involved some
hacks and backdoors which would cause up for them to close and making those things as primary reasons for them not to able to give out any amount of their users funds.
This one had done ethically which should a business must be done.Returning all their users funds before they do close its doors.

[Strongkored]

-snip-

You are right but you cant really remove on anybodies mind for that kind of impressions in times where exchangers tends to close yet majority of them would really involved some
hacks and backdoors which would cause up for them to close and making those things as primary reasons for them not to able to give out any amount of their users funds.
This one had done ethically which should a business must be done.Returning all their users funds before they do close its doors.

True and cannot close our eyes to this fact, they announce getting hacked promised to return user funds but all went bad, even worse an exchange that upgrades their website after that their service became worse and eventually brought users fund, this happen 2-3 years ago.