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CoinEx Shuts Down, Leaving $253.6M in User Funds Amid Regulatory Pressures

Guavy AI Editorial Team
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BTC ETH USDT AAVE
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CoinEx has announced it will shut down operations, leaving behind $253.6 million in user funds. The exchange's wallets contain over half a billion dollars, with a significant portion tied up in Bitcoin.

According to data from Nansen, CoinEx holds $134.4 million in Bitcoin, while substantial amounts are also stored in Aave ($27.6 million), USDT ($50 million), and ETH.

The exchange has stated that withdrawals will remain open until December 22, giving users a narrow window to retrieve their assets.

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