The DoJ Shows an Interest in CoinGather Exchange Victims

Throughout the course of cryptocurrency history, many exchanges and trading platforms have come and gone. The demise of CoinGather has been largely undocumented, but affected users may have some recourse after all.

The CoinGather exchange has never generated a lot of attention in the competitive cryptocurrency exchange space.

The CoinGather Story Continues

When the company went dark in 2018, some people were left wondering what was going on exactly.

Eventually, it became apparent that the platform had been seized by the US Department of Justice.

This happened months after the exchange went offline and all of its operators disappeared into thin air.

For all intents and purposes, this is an exit scam in its purest form.

Related Post

Surprisingly, the US DOJ has

taken up this case and aims to get affected users their money back.

It would appear that several cryptocurrency wallets allegedly linked to this exchange have been found.

The big question is whether or not any of the affected users will come forward.

CoinGather generated very little trading volume during its existence, and most users who lost money may have given up on this company altogether.

It will be interesting to see how this case unfolds over the coming weeks and months. 

The CoinGather incident may set an interesting precedent for the rest of the industry.

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.

Published by
JP Buntinx

Recent Posts

BDAG Targets $10 by 2025, Surpassing BCH and FIL

Crypto Analysts Forecast a Stellar $10 Price for BlockDAG, Shifting Investor Interest; Bitcoin Cash Eyes…

2 hours ago

How Ethereum (ETH)’s Growth and Bitcoin (BTC)’s Market Trends Boost Furrever Token’s Presale Success

The cryptocurrency market is abuzz with significant developments around major tokens like Bitcoin (BTC) and…

10 hours ago

Will AGIX and TRON Recover? Investors Turn to New Surging Token For 10x

The crypto market is now estimated to be worth $2.47 trillion based on CoinGecko data,…

12 hours ago

Influencers Champion BlockDAG To $52.5M, Leading The Charge Over Uniswap & Ethereum Classic

As Uniswap (UNI) teeters on the edge of a bullish breakout and Ethereum Classic (ETC)…

13 hours ago

BlockDAG’s $2M Giveaway Spectacle, Only Few Days Left! Updates on Solana’s ETF Hopes & XRP’s Market Swings

Anticipation surges for Solana’s possible ETF validation, with predictions suggesting it might propel its price…

15 hours ago

Shiba Inu Whales Withdraw Holdings From Exchanges, Sparking Investor Speculation

Recent activities by Shiba Inu (SHIB) whales have stirred significant interest and speculation among investors.…

17 hours ago