COSS Exchange shuts down, leaving 200,000 customers in the dark

Blockchain forensics investigator thinks COSS's surprise decision to shut down its crypto exchange two weeks ago was due to a hack

Trading volume of Coss COSS is 3161560 in the last 24 hours representing a -2210 decrease from one day ago and signalling a recent fall

The Singapore-based COSS cryptocurrency exchange has announced that it will deny its 200,000 customers from accessing to around $26 million in cryptocurrency. The exchange, which was founded in 2017, said in a statement on its website that it had been "the victim of a security breach" and that it was "unable to continue operating".

The announcement has come as a shock to many in the cryptocurrency community, as COSS was one of the largest altcoin exchanges in the world. The exchange had been praised for its low fees and its wide range of altcoins. However, it had also been criticized for its lack of transparency and its poor customer service.

The COSS shutdown has left many customers wondering what will happen to their funds. The exchange has said that it is "working with law enforcement" to recover the stolen funds, but it is unclear whether customers will be able to get their money back.

The shutdown of COSS is a reminder of the risks associated with investing in cryptocurrency. Exchanges are often targets for hackers, and there is no guarantee that your funds will be safe. If you are considering investing in cryptocurrency, it is important to do your research and to only invest what you can afford to lose.