Post by anenro on Jan 12, 2022 23:44:06 GMT 4
Hong Kong-Based Crypto Exchange Reportedly Freezes Withdrawals
Dozens of clients have reportedly been unable to make withdrawals from the Hong Kong-based cryptocurrency exchange Coinsuper since late November, according to Bloomberg, which reviewed a series of messages on the firm's official Telegram.
Five customers told Bloomberg that after withdrawals were apparently frozen, leaving them unable to retrieve combined $55,000 worth of tokens and cash, that they'd filed police reports. Coinsuper has not responded to requests for comment.
In the Coinsuper's Telegram chat, as reviewed by Bloomberg, the administrator stopped responding to questions about the frozen withdrawals in late November, "then resurfaced in the past week to ask affected users to provide their email addresses. Some clients said in interviews that there was no follow-up after doing so."
What Is Coinsuper?
Coinsuper was founded in 2017 by Chinese business person Zhang Zhenxin, who died in 2019. The exchange is backed by Pantera Capital, which invested in it in a June 2018 Series A funding round.
It is currently run by former UBS China Inc. President Karen Chen, who was previously the President of the bank's wealth management unit in China. In October, Chen was listed as Coinsuper's biggest individual shareholder in the latest annual report filed with the company's registry.
Dozens of clients have reportedly been unable to make withdrawals from the Hong Kong-based cryptocurrency exchange Coinsuper since late November, according to Bloomberg, which reviewed a series of messages on the firm's official Telegram.
Five customers told Bloomberg that after withdrawals were apparently frozen, leaving them unable to retrieve combined $55,000 worth of tokens and cash, that they'd filed police reports. Coinsuper has not responded to requests for comment.
In the Coinsuper's Telegram chat, as reviewed by Bloomberg, the administrator stopped responding to questions about the frozen withdrawals in late November, "then resurfaced in the past week to ask affected users to provide their email addresses. Some clients said in interviews that there was no follow-up after doing so."
What Is Coinsuper?
Coinsuper was founded in 2017 by Chinese business person Zhang Zhenxin, who died in 2019. The exchange is backed by Pantera Capital, which invested in it in a June 2018 Series A funding round.
It is currently run by former UBS China Inc. President Karen Chen, who was previously the President of the bank's wealth management unit in China. In October, Chen was listed as Coinsuper's biggest individual shareholder in the latest annual report filed with the company's registry.
