Coinw Exchange is unable to log in and withdraw funds, is this a sign of collapse and escape?

In the current environment, almost all exchanges in the cryptocurrency circle are facing the dilemma of internal and external troubles. Some exchanges that cannot withstand the pressure, or those that aim to make money from the beginning, often have only one ending - collapse and run away. The users involved will become the most unlucky ones and become the targets of these exchanges.

Recently, the Coinw exchange has also experienced abnormal situations where users cannot log in or withdraw coins, and the official did not make any timely notifications or follow-up measures, causing panic among many users.

Later, as fear spread, Coinw Exchange only issued a simple announcement, still using the old routine, another "system upgrade" announcement, which not only failed to appease users, but instead made users lose trust in the exchange.

However, after waiting for a few days, some users still reported that they could not log in or withdraw money after the upgrade was completed. This situation is the same as the previous situation of A Network running away. Users are more suspicious whether Coinw Exchange will also run away? Was the system upgrade mentioned before just an excuse?

Moreover, the Coinw exchange is also very strange. There is an upgrade announcement every day, and it is upgraded every day. This has been going on for three or four days in a row. The technology of such an exchange is too low. It is hard not to doubt whether it is using the upgrade as an excuse to run away?

At this time, the exchange came out to refute the rumor, saying that they would never run away and reassure users. However, no matter how much you refute the rumor, users still cannot withdraw money. The funds in the platform have become numbers that can only be viewed but not used. The platform refuted the rumor at this time just to maintain stability.

In fact, there are many exchanges that run away under the pretext of "system upgrade". It is no wonder that users are so vigilant and panic. After all, the leeks are also afraid of being cut. Although there are many reasons for the collapse and running away of exchanges, most of them are just cutting the leeks and running away with the money.

The Coinw exchange has had scandals before, with users being scammed on the platform. Its reputation in the cryptocurrency circle has never been very good, so we would like to remind users who are involved in it that, in the current situation, this exchange is just like the previous A-net exchange. It is now impossible to withdraw funds, which is a precursor to running away. If you don’t withdraw now, when will you wait?