In another example for the risk of niche exchanges, Cobinhood has facilitated what looks like an exit scam of the Dexon (DXN) ICO. Cobinhood is one of the markets that was willing to add new tokens and coins almost immediately, where all other exchanges waited out the listing.
And while Cobinhood’s site is still open, the operator has passed a demand to close its business, reported Blocktempo. The company is in the process of releasing its employees and negotiating contract terminations.
The news has crashed the price of the Cobinhood (COB) coin, down nearly 50% just in the past day, to $0.003. The asset...