New York State Attorney Bans Coinseed
We have previously written that Coinseed platform takes illegal actions with the cryptocurrency of its users. It couldn't go on like this for a long time. New York State Attorney General Bans Coinseed
There were a lot of complaints about the app, which has all the signs of fraud. Having considered all the data and received evidence in the case concerning the unauthorized change of the balance of users, it was decided to stop the operation of the fraudulent site.
Recall that Coinseed is accused of misinformation of customers and hidden commissions. Hidden transaction fees illegally brought the company $1 million. The SEC filed such a lawsuit.
The company's CEO makes no statement regarding the allegations. Let's see how the situation will develop further.