• Latest
South Korean Crypto Exchange Coinnest Announces Closure

South Korean Crypto Exchange Coinnest Announces Closure

April 19, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

South Korean Crypto Exchange Coinnest Announces Closure

coinnewsdaily by coinnewsdaily
April 19, 2019
in Business
0
South Korean Crypto Exchange Coinnest Announces Closure
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Cryptocurrency exchange Coinnest, once South Korea’s third largest, is closing down.

The exchange posted a notice on its website saying that as of Tuesday it is no longer operating, adding that users will need to withdraw any funds held on its platform by April 30. The fees for withdrawals and the minimum threshold have been lowered to assist the process, it said.

While the notice was vague as to the reasons for the closure, a Coinnest official told CoinDesk Korea:

“It is a natural result of a decrease in trading volume. Both regulatory issues and business decisions have served as a background for this decision.”

The decision comes after a bad year for the exchange. A year ago an executive of the firm was arrested on suspicion of fraud and was later convicted, receiving a jail sentence and a 3 billion Korean won ($2.5 million) fine.

However, another official at Coinnest played down the connection with the company’s closure when speaking to CoinDesk Korea.

Coinnest also lost $5 million in a mistaken airdrop this January. The firm revealed at the time that bitcoin and other cryptocurrencies were sent to customers due to a computer error. The exchange had been trying to distribute We Game Tokens (WGT) when the incident occurred.

Closed sign image via Shutterstock

Credit: Source link

Share76Tweet48
Previous Post

Wietse Wind Confirms XRPayments Launch on App Store and Google Play

Next Post

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,436.00-0.36%
  • ethereumEthereum(ETH)$1,664.451.14%
  • tetherTether(USDT)$1.00-0.18%
  • binancecoinBNB(BNB)$332.042.03%
  • rippleXRP(XRP)$0.4121990.19%
  • cardanoCardano(ADA)$0.4045881.46%
  • dogecoinDogecoin(DOGE)$0.0931372.05%
  • matic-networkPolygon(MATIC)$1.255.39%
  • okbOKB(OKB)$41.143.78%
  • solanaSolana(SOL)$24.681.58%
  • polkadotPolkadot(DOT)$7.017.06%
  • shiba-inuShiba Inu(SHIB)$0.0000134.73%
  • litecoinLitecoin(LTC)$99.851.08%
  • tronTRON(TRX)$0.0641540.34%
  • daiDai(DAI)$1.00-0.19%
  • cosmosCosmos Hub(ATOM)$14.994.11%
  • chainlinkChainlink(LINK)$7.292.60%
  • ethereum-classicEthereum Classic(ETC)$23.223.52%
  • leo-tokenLEO Token(LEO)$3.400.68%
  • moneroMonero(XMR)$171.69-0.98%
  • bitcoin-cashBitcoin Cash(BCH)$137.690.31%
  • stellarStellar(XLM)$0.0928010.86%
  • filecoinFilecoin(FIL)$5.683.68%
  • crypto-com-chainCronos(CRO)$0.0822392.36%
  • algorandAlgorand(ALGO)$0.2710995.97%
  • vechainVeChain(VET)$0.0248272.84%
  • internet-computerInternet Computer(ICP)$5.881.60%
  • aaveAave(AAVE)$90.742.72%
  • eosEOS(EOS)$1.102.29%
  • elrond-erd-2MultiversX(EGLD)$45.901.82%
  • theta-tokenTheta Network(THETA)$1.124.59%
  • tezosTezos(XTZ)$1.144.21%
  • huobi-tokenHuobi(HT)$5.74-0.88%
  • paxos-standardPax Dollar(USDP)$0.99-0.96%
  • bitcoin-cash-svBitcoin SV(BSV)$43.622.32%
  • havvenSynthetix Network(SNX)$2.561.89%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.375.24%
  • dashDash(DASH)$63.012.30%
  • iotaIOTA(MIOTA)$0.2382592.47%
  • neoNEO(NEO)$8.960.71%
  • makerMaker(MKR)$696.243.86%
  • zcashZcash(ZEC)$47.042.44%
  • zilliqaZilliqa(ZIL)$0.0296664.15%
  • basic-attention-tokenBasic Attention(BAT)$0.2758872.90%
  • compound-governance-tokenCompound(COMP)$54.403.35%
  • nemNEM(XEM)$0.0410235.88%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$38.093.34%
  • bitcoin-goldBitcoin Gold(BTG)$17.390.14%
  • sushiSushi(SUSHI)$1.552.51%
  • qtumQtum(QTUM)$2.792.05%
  • wavesWaves(WAVES)$2.9012.22%
  • yearn-financeyearn.finance(YFI)$7,898.482.87%
  • golemGolem(GLM)$0.2546432.40%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.588.30%
  • ontologyOntology(ONT)$0.2226254.19%
  • digibyteDigiByte(DGB)$0.0112123.30%
  • umaUMA(UMA)$2.122.13%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%