MAY 2019




“Polish cryptocurrency exchange Coinroom has reportedly shut down its operations and disappeared with customer funds, local business news outlet money.pl reported on May 31.” “Before ceasing its operations, Coinroom reportedly sent emails to its customers, containing information about contract terminations. Coiroom customers had only one day to withdraw their money, which was in accordance with Coinroom regulations signed by users. However, customers reportedly claim that some of them got only part of the money, while most of them did not receive their funds back at all.” “Even though he promised a resolution for the stuck deposits by April 19, customers were unable to get in contact or find any contact information for Tomasz Zbigniew Wiewior, the director of the company.” “Polish news site Money.pl ascertained that the President of the defunct exchange, Tomasz Zbigniew Wiewióra relocated to Estonia to open another business.” “After receiving the documentation from the accountant, analyzing the database, we were able to prepare and complete and file for bankruptcy with the option of liquidating the company's assets.”

The Coinroom website remains online and reports of the ongoing bankruptcy, which has been an ordeal lasting many months and continuing. It appears that the entire operation may have been set up this way from the beginning, and the lack of any auditing or transparency into the funds means obviously nobody knows what’s going on.

Sources And Further Reading

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