COINROOM

DESCRIPTION OF EVENTS

“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.

Report: Polish Exchange Shuts Down and Disappears With Customers Funds (Feb 22)
Polish Cryptocurrency Exchange Coinroom Exit Scams With Customer Funds (Feb 22)
Exit Scam: Polish Coinroom Exchange Goes Dark, Funds Gone (Feb 22)
Coinroom.com ceases to exist! : CryptoCurrency (Feb 22)
Large Polish cryptocurrency exchange Coinroom committed an exit scam on thousands of users  (Feb 22)
Burundi Bans Cryptocurrency Trading Citing Lack of Consumer Protection (Feb 22)
Coinroom Exchange Vanishes, Reveals Dash InstantSend Advantage for Traders (Feb 22)
Coinroom Exchange Fled Away By Taking All Users Funds - Bitcoinik (Feb 23)
SlowMist Hacked - SlowMist Zone (Jun 25)
The 23 exchange hacks of 2019 (Aug 7)

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