Home Blockchain News Bitcoin Bear Market Forces Korea’s Fifth-Largest Crypto Exchange to Close

Bitcoin Bear Market Forces Korea’s Fifth-Largest Crypto Exchange to Close

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By CCN: The bitcoin bear market might be over, but it hasn’t finished claiming victims. Coinnest — South Korea’s fifth-largest crypto exchange — shut down this week. Users have until April 30 to withdraw any remaining funds. The closure comes months after a series of scandals roiled the crypto platform. In a notice to users on its website, Coinnest did not explain why it was shuttering, but thanked customers for their encouragement and patronage. Bribery and $5 Million Accidental Bitcoin Airdrop As CCN reported, Coinnest has suffered a series of embarrassing, self-destructive scandals over the past year. In April 2018,

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* First published on ccn.com

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