Investors frozen out of crypto exchange CMBDEX for almost 3 years

Singapore

MORE THAN 2,000 investors have been left out in the cold after a local company, which launched an initial coin offering at the height of 2018's crypto boom, appeared to have evaded time and again requests to cash out.

For nearly three years, investors were told they could not sell their tokens because of "technical difficulties". But sources The Business Times spoke to alleged that this was a deliberate attempt by the digital token exchange to lock in their money.