Dear all,
I would like to warn fellow crypto investor or hodler; do not use Coineal exchange!
I bought 2200+ CVNT dated 17 Mar 2021 (worth $60+ USD) and they announce suspend all trades and withdrawal for mainnet upgrade.
Read here:
https://support.coineal.com/hc/en-001/articles/1500004201602-Suspension-of-CVNT-Trading-and-Deposit-withdrawalThey inform the suspension lifted today (30 Apr 2021) after 1.5 month. I've never came across any mainnet upgrade that requires 1.5 month, absolutely ridiculous!
Read here:
https://support.coineal.com/hc/en-001/articles/900006905503To my surprise, there's only 11 CVNT left in my account (now worth $0.3 USD) and was told the upgrade has mapped to the mainnet at a ratio of 200:1. Refer above link.
What a SCAM exchange they are operating!!!
You have be warned! Do not use them or withdraw all your funds immediately if you already have with them!
Take care and good luck guys!
200:1 isn't that too much difference to swap 1 cvnt! I would expect after such huge reduction in circulation that the price have appreciated a lot, even if you have less tokens but the price should have increased in value and close or if not even more than your initial investment,
It most certainly looks shady with the way the swap was carried out.