- According to an anonymous source, crypto exchange CoinAll is shutting down.
- CoinAll’s English Telegram group is inactive, while the Twitter account is gone
- As of press time, CoinAll website still remains live.
Cryptocurrency exchange CoinAll appears to be shutting down, for reasons unknown at the time of writing. The information came from an anonymous source who appears to be affiliated with the said exchange.
Upon investigating, CoinQuora found out that Coinall’s official Twitter account has been deleted. Moreover, Coinall’s English Telegram group appears to be empty.
Despite having more than 7,000 members, there appears to be no messages in the group.
As of press time, CoinAll’s official website coinall.com continues to remain live. However, CoinQuora did not attempt to sign up nor trade on the exchange’s platform.
While time will only tell whether CoinAll indeed has shut down, users can take extra caution to make sure that their assets will be protected.
A couple of days earlier, popular Chinese social media platform Weibo (NASDAQ:WB) has suspended the official accounts of crypto exchanges Binance, Huobi, OKEx, and MCX.
According to various media sources, these exchanges violated applicable laws and community rules. This came after the Congress of the said country concluded its session and said that the country will “resolutely crack down” on entities that are guilty of fraud and illegal fundraising.
This article first published on coinquora.com
