Coinopend Exchange Shuts Down After Complaints of Fraud
by
Ashton Fraser
Looks like another crypto currency scam has been doing the rounds, this time an "Exchange " called Coinopend, luring in clients with promises of super low prices on numerous Altcoins.
The data found on Coinopend is utter fallacy - you could buy some coins for huge percentages off their true value. It's a classic scam - offer amazing prices, and customers will come, then simply disappear without a trace.
It's hard to know how many people have fallen for this scam - Coinopend launched barely a few weeks ago, a quick WHO.IS check for the domain reveals a registration date of 13th April, with the following details:
Registrant Name: JACK CHEN
Registrant Street: 623 WEST END AVENUE
Registrant City: NY
Registrant State/Province: NY
Registrant Postal Code: 10024
Registrant Country: US
Registrant Phone: +1.9173357812
Registrant Email: @COINOPEND.COM
Complaints have been flooding in, especially on the popular Bitcointalk forum, where members have issued warnings, such as:
"I got lured into depositing my BTC onto this site because of what looked to be extremely low BlackCoin prices. All of it is fake."
Another member mentioned,
"Do not send your coins to that exchange. They`ll lure you in with volume and lower prices.I did a test transactions with 1BC and all went well, but good luck with withdrawing higher volumes. 500BC-s still pending after 4 hours."
The problem is, as long as human greed exists, there will always be two extremes.
1. An innocent but naive group of people who will seek apparently effortless fortunes.
2. An evil group of people who will prey on the above group.
The irony is, group number 2 can never exist without group number 1 existing. Hopefully the fraudsters shall be caught soon, as the Cigarette Smoking Man in the X-Files once said - "Nothing disappears without a trace."
As of writing, the Coinopend website is down. My guess it won't be coming back online. Coinopend is now Coinclosed.
Looks like another crypto currency scam has been doing the rounds, this time an "Exchange " called Coinopend, luring in clients with promises of super low prices on numerous Altcoins.
The data found on Coinopend is utter fallacy - you could buy some coins for huge percentages off their true value. It's a classic scam - offer amazing prices, and customers will come, then simply disappear without a trace.
It's hard to know how many people have fallen for this scam - Coinopend launched barely a few weeks ago, a quick WHO.IS check for the domain reveals a registration date of 13th April, with the following details:
Registrant Name: JACK CHEN
Registrant Street: 623 WEST END AVENUE
Registrant City: NY
Registrant State/Province: NY
Registrant Postal Code: 10024
Registrant Country: US
Registrant Phone: +1.9173357812
Registrant Email: @COINOPEND.COM
Complaints have been flooding in, especially on the popular Bitcointalk forum, where members have issued warnings, such as:
"I got lured into depositing my BTC onto this site because of what looked to be extremely low BlackCoin prices. All of it is fake."
Another member mentioned,
"Do not send your coins to that exchange. They`ll lure you in with volume and lower prices.I did a test transactions with 1BC and all went well, but good luck with withdrawing higher volumes. 500BC-s still pending after 4 hours."
The problem is, as long as human greed exists, there will always be two extremes.
1. An innocent but naive group of people who will seek apparently effortless fortunes.
2. An evil group of people who will prey on the above group.
The irony is, group number 2 can never exist without group number 1 existing. Hopefully the fraudsters shall be caught soon, as the Cigarette Smoking Man in the X-Files once said - "Nothing disappears without a trace."
As of writing, the Coinopend website is down. My guess it won't be coming back online. Coinopend is now Coinclosed.
Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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