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Cryptocurrency Exchange CoinAll to Shut Down

Cryptocurrency Exchange CoinAll to Shut Down
  • 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.

Coinall Exchange telegram group deleted

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.

CoinQuora has already reached out to CoinAll. According to a representative, they are only having a technical upgrade. As to when the platform will be fixed, the representative said that he cannot provide the estimated resolution time at the moment.

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. According to the representative, users may proceed to withdraw their assets from the platform.

A couple of days earlier, popular Chinese social media platform Weibo has suspended the official accounts of crypto exchanges Binance, Huobi, OKEx, and MXC.

According to various media sources, these exchanges violated applicable laws and community rules. This happened 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.

Disclaimer: This article is under development, and CoinQuora may revise this article without any warning as any update comes. Users are advised to keep refreshing this article page for any new developments regarding CoinAll.

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An aspiring journalist who spills her ideas in cryptocurrency and blockchain-related matters. With her background in Communication and Journalism, she is more inclined to write about reality than fiction.