Is it ever legal to stop crypto investors from cashing out?

  • 22 Dec 2021

PLMP Fintech built the CMBDEX exchange in 2018 to buy and sell cryptocurrencies along with its own Creatanium coin. Despite its promising start, the company has been plagued with multiple failed ICO projects, evasion of requests from investors to cash out and their only visible project with KopiTech in Funan Mall has been inactive since May 2020. Currently, more than 2,000 investors are being frozen out of the exchange with no means to recover their investments but CMBDEX’s existence prior to MAS’s new regulations presents a loophole that could keep the exchange clear of legal repercussions, resulting in little authorities can do for investors.