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Cryptocurrency trading website Acoin Trading and 96 other cryptocurrency websites were shut down

 

According to the Securities and Exchange Commission of the state of Alabama in the United States, Acoin Trading, as well as 96 other cryptocurrency websites, have been ordered to cease and desist from operating. In addition to making claims of "excessive returns," the sites often report fictitious account amounts and levy "undisclosed fees." Philip Zuka, commonly known as Sirzuka, was the founder and proprietor of the cryptocurrency trading company Acoin Trading, which he registered with Namecheap Inc. Following consideration, an investor opted to participate in a demo and made a $10,000 initial investment. In an attempt to withdraw his money, Zuka demanded an additional payment before any funds could be transferred from his bank account to a different account.

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