Crypto Exchange CoinEx Is Shutting Down After Nine Years, Giving Users Until December to Cash Out

The Hong Kong-founded exchange blamed a prolonged crypto winter and rising compliance costs, closing the books on a run that began in December 2017.

The top 3

  1. Top 3 Most Notorious Crypto Exchange Collapses in History: While CoinEx is closing voluntarily, the industry has a dark history of catastrophic failures, including FTX's multi-billion dollar fraud and the Mt. Gox hack that wiped out 850,000 BTC.
  2. Biggest Crypto Heists: The Three Costliest Record-Breakers: CoinEx faced a $70 million hack in 2023, but it pales in comparison to the industry's most massive security breaches.
  3. Top 3 Reasons Exchanges Shut Down Today: CoinEx's exit reflects a wider industry trend where the economics of operating a centralized exchange have shifted dramatically.

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