Customers of Krypto-Exchange Conted.com report canceled orders and missing withdrawals, investors are concerned
Munich, Berlin 12.07.2018: What began in 2015 with an innovative idea and big plans is now turning into a nightmare for investors of the Cointed company. Cointed is not leaving the negative headlines.
Everything started with a good idea. Cointed wanted to offer an easy way to exchange crypto currency into FIAT currency or vice versa. A total of 100 ATMs, mainly in Austria, were set up for this purpose. In addition, the company operates a crypto exchange platform with which anyone should be able to buy and sell crypto money.
At the end of 2017, the company conducted an ICO and raised approximately $4.4 million to expand into green mining.
Shortly after the ICO, Cointed had difficulties. Payment orders from customers were cancelled for no apparent reason. Canceled orders have not been reversed. Support inquiries were answered only sporadically or not at all.
Public prosecutors' investigations against Optioment also led to Cointed and revealed connections to Mr. Christopher Rieder, a founder and former CEO of Cointed. In the meantime, the company has separated and distanced itself from Mr Christopher Rieder.
In early June 2018, Cointed announced on Facebook the closure of its crypto-exchange and justified this with technical problems and hacker attacks. At the same time, customers' access to their e-wallets (electronic purses) managed by Cointed was blocked. Cointed's Twitter and Telegram channels have also been silent since mid-June 2018.
Since then, Cointed customers have been trying in vain to get their money back from the company. Only with the help of a lawyer does the company seem to be able to respond to payment requests from customers.
The investors of the ICO must also fear for the loss of their investment capital. In the meantime, the Cointed Token is no longer tradable on the various crypto trading platforms. A current value of the token cannot be determined.
Investors concerned should have their legal claims examined by a specialist lawyer for capital market law. The Kanzlei CLLB supports concerned investors with the penetration of their requirements.
Press contact: CLLB Attorneys at Law, Cocron, Liebl, Leitz, Braun, Kainz, Sittner Partnership mbB, Attorney at Law István Cocron, Panoramastr.1. 47, 10178 Berlin, Phone: 030 / 288 789 60, Fax: 030 / 288 789 620; Mail: kanzlei@cllb.de, Web: www.cllb.de