Crypto

COSS Continues to Alienate its Users and Fueling Scam Rumors

It would appear that all of the drama surrounding the COSS exchange is far from over. The social channels that are still active are not a source of actual information. 

In fact, asking any sort of honest question in those channels will likely get users banned.

The COSS Drama Only Gets Worse

COSS shut down its services out of the blue roughly two weeks ago.

The company cites a major platform upgrade is taking place, yet leaves customers without access to their funds.

This decision doesn’t sit well with the community, for fairly obvious reasons.

No advance warning of this migration is extremely unprofessional.

Related Post

Moreover, there have been plenty of rumors as to how the exchange is simply pulling an exit scam.

Those rumors cannot be proven at this point, and need to be treated as such.

However,  the behavior of COSS on social channels doesn’t bode too well either.

Anyone asking for information on Telegram is likely to be restricted from the channel for a month.

While it can be annoying to keep answering the same questions, censoring customers is never a smart business decision.

One can only hope the team becomes a lot more professional in their communication. It would not be the first time such bad behavior tarnishes a reputation completely.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

xStocks Surpasses $25 Billion Volume As Tokenized Equities Enter New Market Phase

The tokenized equities sector is accelerating rapidly, and xStocks has now crossed a defining milestone:…

16 hours ago

Base Begins Transition To Native Tech Stack In Major Layer 2 Shift

Coinbase-incubated Layer 2 network Base is entering a new phase of its development, moving toward…

16 hours ago

Zora Officially Launches Its Revolutionary “Attention Market” On Solana In A Bold Multichain Expansion

Zora has officially launched its new “attention market” on the Solana blockchain, marking a bold…

2 days ago

XRP Ledger Activates Permissioned DEX With XLS-81 As Institutional Trading Model Emerges

The XRP Ledger has introduced a new on-chain trading framework that signals a notable shift…

2 days ago

Grayscale Launches First U.S. Sui Staking ETF As Institutional Access Expands

A new milestone in the evolution of crypto investment products is set to unfold as…

2 days ago

Polygon Surpasses Ethereum In Daily Fees As Activity Surge Signals Historic Shift

A major milestone is unfolding in the blockchain economy as Polygon records a historic “flippening”…

3 days ago