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

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

22 hours ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

22 hours ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago