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Malta-Based Crypto Exchange Shuts Down After Less Than A Year In Operation

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A Malta-based crypto exchange company has given notice that it will shut down permanently next month and has asked users to withdraw all their assets immediately.

Coinone Global Exchange (CGEX) was originally launched in October last year by a major South Korean exchange company called Coineone.

The company said it will terminate its services on September 18th, less than a year after it was set up.

Users were urged to withdraw their assets in time.

“All assets held in your account can be withdrawn until the end of the service and further withdrawal will no longer be available after this date… Your personal information (including transaction details) will be destroyed accordingly with the end of service,” the company said.

Did you ever use CGEX’s services?

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Christian is an award-winning journalist and entrepreneur who founded Lovin Malta, a new media company dedicated to creating positive impact in society. He is passionate about justice, public finances and finding ways to build a better future.

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