CZ says CoinEx shutdown differs from QuadrigaCX-style outcomes

  • CZ commented on CoinEx stopping operations and beginning an orderly wind-down.
  • Several recently closed platforms still allow users to withdraw their assets.
  • CZ contrasted the current situation with QuadrigaCX-style outcomes from earlier market cycles.

CZ said on X that CoinEx’s decision to stop operating and begin an orderly wind-down stands in contrast to outcomes seen in earlier crypto-market cycles. He noted that, at least during the current crypto winter, several platforms that recently ceased operations have continued allowing users to withdraw their assets. The comparison referred to QuadrigaCX-style cases in which customers faced a different outcome.

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