Cryptocurrency Q&A Was coinpayments a 'exit scam'?

Was coinpayments a 'exit scam'?

SamsungShineBrightnessRadiance SamsungShineBrightnessRadiance Wed Nov 20 2024 | 6 answers 1522
I heard some rumors that CoinPayments might have been an 'exit scam'. I want to know if there's any truth to that. Did CoinPayments really shut down suddenly, leaving its users in the lurch, or is it just a baseless accusation? Was coinpayments a 'exit scam'?

6 answers

Arianna Arianna Fri Nov 22 2024
The exchange's decision to inform customers through a private email with minimal notice has sparked concerns among some users.

Was this helpful?

369
75
RobertJohnson RobertJohnson Fri Nov 22 2024
Many have begun to speculate whether this sudden announcement is indicative of an "exit scam," a common practice in the cryptocurrency world where exchanges abruptly close and abscond with user funds.

Was this helpful?

321
21
InfinityVoyager InfinityVoyager Fri Nov 22 2024
Alternatively, some customers are wondering if the notice is the result of a mysterious incident that has forced the exchange to cease operations.

Was this helpful?

354
92
Stefano Stefano Fri Nov 22 2024
Meanwhile, another significant player in the cryptocurrency space, CoinPayments.net, has also made headlines for its decision to shut down.

Was this helpful?

180
41
MountFujiMysticalView MountFujiMysticalView Thu Nov 21 2024
As a global payment gateway, CoinPayments.net supported over 120 types of crypto coins and was widely used by individuals and businesses alike.

Was this helpful?

69
80
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts