Join Our Mailing List
Friday February 03, 2023
Bitcoin (BTC) $23,520.30   Ethereum (ETH) $1,648.26
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges

Leading Romanian bitcoin exchange CoinFlux has bank accounts frozen

Published by CryptoNinjas.net
12/13/2018
Leading Romanian bitcoin exchange CoinFlux has bank accounts frozen

It was announced today by top Romanian bitcoin and cryptocurrency exchange CoinFlux that the company has had their bank accounts frozen. The CoinFlux team said that due to a recently started, and unexpected investigation, they are in the “unpleasant situation of temporarily stopping any digital currency exchanges.”

With the company bank accounts frozen, the situation is also affecting user CoinFlux wallets. The CoinFlux team is now making all possible efforts, along with their legal advisers, to make sure everyone who had money deposited on CoinFlux gets it back.

Furthermore, due to the investigation, access to parts of the platform have also been restricted, thus the company was unable to send the stoppage notice through its usual communication channels: e-mail and website. Expectations are that CoinFlux will gain control back of these functionalities within the next few days.

“We are aware that this is a worrisome situation for the people who have placed their trust in our service, and we assure each and every one of them that we will do everything that’s up to us to fix this unfair situation.”

Alexandru Coman, CoinFlux

Last year, another leading bitcoin exchange BTCxCHANGE decided to shut down service after their bank accounts were frozen. With many customers utilizing the bitcoin to bank account withdrawal features, the company decided it was not worth continuing service without a stable banking partner.

We will update on the latest developments coming from CoinFlux as they become available.

Update 12/15/18

CoinFlux has informed on the latest on this situation and has announced that it has undertaken the following actions, with the purpose of returning the money deposited in CoinFlux wallets back to clients’ bank accounts:

  1. CoinFlux has sent MisterTango (the Financial Institution hosting the company’s frozen bank account) a list of people who have money blocked in CoinFlux wallets, as well as the exact associated balances, and the instruction to transfer those funds back into the clients’ bank accounts.
  2. CoinFlux officially informed MisterTango that 100% of the funds within the CoinFlux bank accounts belong to customers, thus the money should be returned to their rightful owners and this action should be treated as a priority.

The CoinFlux team said, “We hope that our actions will result in the transfer of the money back to the clients’ bank accounts. We will return with further updates following MisterTango’s response, or other relevant developments.”

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

CEO of defunct Romanian exchange CoinFlux trial pushed back; user funds remain frozen

02/05/2020
CEO of defunct Romanian exchange CoinFlux trial pushed back; user funds remain frozen

Vlad Nistor, CEO of CoinFlux, a popular Romanian bitcoin exchange that was forced to shut down in 2018 after his arrest; has provided an update on the status of his trial and when users...

Read more

Romanian exchange CoinFlux marks 3rd anniversary with “Zero Services Costs“ weekend

12/10/2018
Romanian exchange CoinFlux marks 3rd anniversary with “Zero Services Costs“ weekend

CoinFlux marks its third anniversary with a special thank you to customers: “Zero Service Costs Weekend.” During the anniversary weekend, users will be able to buy or sell Bitcoin, Ether, XRP (Ripple), Ether Classic...

Read more

Ripple (XRP) added to Romanian crypto exchange CoinFlux

07/20/2018
Ripple (XRP) added to Romanian crypto exchange CoinFlux

Romanian bitcoin and cryptocurrency exchange CoinFlux has announced the support of Ripple native asset XRP to its offering. The minimum transaction value for XRP on CoinFlux is set to EUR 20. CoinFlux provides convenient...

Read more

Romanian bitcoin exchange BTCxChange to close down on May 1st

04/25/2018
Romanian bitcoin exchange BTCxChange to close down on May 1st

The team of Romania based bitcoin exchange BTCxChange announced this week they will be closing down the platform on May 1st, 2018. With their latest banking relationship discontinued in late January, the company no longer...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy