Coinnest exchange Closes Down Its Shutter

Coinnest exchange Closes Down Its Shutter

Fifth largest cryptocurrency exchange, Coinnest has decided to shut down and announced that all funds must be withdrawn by the end of June. The move is no surprise as its co-founder, Kim Il-hwan, was arrested on embezzlement charges an its executives have faced bribery charges last year. In its announcement, “We have lowered the withdrawal fee and the minimum withdrawal amount to support your smooth withdrawal, please be sure to withdraw your assets before the withdrawal date. It is difficult to withdraw after.”

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