Coss.io has exit scammed with millions in user funds. – BOUNTY OFFERED

Coss.io is/was a cryptocurrency founded in Singapore back in 2017 that was unique in that it split 50% of trading fees with token holders. For a while, the exchange was doing fine and users would receive their fee splits. The exchange wasn't really gaining traction so the former founder, Rune Evenson, sold the exchange in 2020 so it could be merged with an Indian project called ARAX wallet.

Things seemed to be going ok and the company actually made improvements to the exchange during this time period. There was a good amount of communication about what was going on so it didn't quite seem like an exit scam yet.

One troubling slip was that after the exchange was acquired, they sent out emails with a footer now showing that they were located in the British Virgin Islands under "COSS Asset Management Limited Intershore Chambers, Road Town, Tortola, British Virgin Islands." Formerly, they were located at 68 Tras St, Singapore 079007.

Unfortunately, what was really happening was that the new group was in the process of stealing all of their user's funds.

Since the merger, all user funds have been put "in audit" while they are moved from the old exchange wallets to the new exchange wallets. My funds have been "in audit" for over a year and if you message the support staff, you receive the same canned response every single time.

The exchange was quick to audit and release everyone's COS tokens so that we could cash out our now-worthless COS tokens. They still have yet to release any actual worthwhile cryptocurrency though.

The exchange stole 17 ETH, 80k REQ, and 764 DAI from me and I don't intend to let that go without a fight.

If there's anyone here with connections in Singapore or The British Virgin Islands that can track these fuckers down and help me bring them to justice then I will give you half of whatever funds can be recovered.

I've already sent messages to different law enforcement groups in the BVI and Singapore but I could still use help making this public.

Proof that they still have my funds: https://imgur.com/a/vHhI2jj

Timeline from their Medium account: COSS Updates & Announcements – Medium

​

Let this be a lesson to everyone, don't keep your crypto on an exchange! The coins I lost weren't that valuable at the time of the exit scam but I'm surely regretting it now.