Security News > 2022 > July > CoinPayments to shut down in US — 5 days left to withdraw funds
The short notice given by the exchange via a private email left some customers suspecting if this was an "Exit scam" or caused by another mysterious incident.
Crypto platform shut down: 5 days left to take out funds.
The crypto operation has blamed recent Anti-Money Laundering regulations and market changes for the sudden closure of their business operations across the U.S. "Unfortunately, due to recent AML regulations and changes, we are no longer able to provide services to the United States," a CoinPayments spokesperson told BleepingComputer.
Short notice prompts 'exit scam' concerns among customers.
The discreet delivery of the closure announcement via email and the rather short notice given to customers for withdrawing their digital assets left many concerned, with a few suspecting if this was a crypto grab or an exit scam.
BleepingComputer has previously repeatedly reported on exit scams including those pulled by crypto platform ARBIX, dark web market Empire, and the operators of Jokeroo ransomware that caught users by surprise.