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

Vitalik Buterin Deploys 16,384 ETH Toward Privacy And Open Infrastructure

Ethereum co-founder Vitalik Buterin is once again channeling personal capital into the long-term foundations of…

1 hour ago

Lido V3 Launches on Ethereum Mainnet With Game-Changing stVaults

Lido Finance has officially activated Lido V3 on the Ethereum mainnet, introducing a powerful new…

2 hours ago

Bitcoin Slips To $83,500 As Liquidations Rock The Market

Bitcoin tumbled to around $83,500, marking its lowest level in over a month and triggering…

1 day ago

The 190M Daily Squeeze: ZKP’s $1.6M Momentum Ranks It as the Best Presale Crypto for 10,000x Gains

The Zero Knowledge Proof (ZKP) presale auction has officially entered Stage 2, and for anyone…

2 days ago

Ethereum Signals ERC-8004 Mainnet Launch For AI Agents

Ethereum has announced that ERC-8004, a new token standard designed for AI agents, is heading…

2 days ago

Ondo’s Tokenized U.S. Treasuries Go Live on Sei

Tokenized U.S. Treasuries from Ondo Finance are now live on the Sei Network, marking a…

2 days ago