1. CoinEx Shutdown: Timeline and Three Critical Dates

Management has published a detailed Orderly Cessation of Operations plan outlining how the CoinEx shutdown will unfold in stages. The process is moving rapidly, and missing any of these milestones threatens investors with the loss of control over their portfolios.

COINEX SERVICE SHUTDOWN SCHEDULE
September 22, 2026
Halting of Deposits and Derivatives. Margin trading, crypto loans, and all staking programs (Earn) will be completely shut down. Account funding capabilities will be disabled.
September 29, 2026
02:00 (UTC)
Spot Market Shutdown. All unexecuted orders will be canceled. The CoinEx Smart Chain (CSC) will cease operations. The CET exchange token will be forcibly repurchased at a rate of 0.005 USDT.
December 22, 2026
FINAL
Complete Closure of Withdrawals. The platform stops working. Any assets remaining in accounts after this date will incur a storage fee (5% per month).

Historical Precedent

In 2023, during the similar closure of the Hotbit exchange, thousands of users postponed withdrawing assets until the final weeks. The result: servers couldn't handle the load, support stopped responding, and automated risk algorithms froze hundreds of accounts due to "anomalous activity" right before the shutdown. Waiting for the December 22 deadline means voluntarily accepting the risk of a freeze.

2. The True Reasons for the Collapse and the Threat of AML Audits

Although the official statement claims the CoinEx shutdown is due to market downturns and rising compliance costs, institutional analysts see the real reason in the colossal regulatory and criminal trail following the platform.

Hidden Threat: Why Withdrawing Large Sums "Blindly" Is Dangerous

Historically, CoinEx has been involved in two major scandals that made it "toxic" to US regulators. Under liquidation conditions, the exchange is obligated to demonstrate maximum strictness in its AML policy to avoid criminal prosecution of its management.

1. Iranian Sanctions (WSJ): A Wall Street Journal investigation revealed that since 2019, $3.84 billion connected to sanctioned Iranian addresses, including wallets of Iranian state entities, passed through the platform.

2. Lazarus Group Hack: In September 2023, North Korean hackers withdrew over $54 million from the exchange (damage estimates later rose to ~$70M). Any intersection of your addresses with these transactions during an on-chain check (AML audit) will act as a 100% trigger for account blocking upon attempting to withdraw funds (Source of Funds request).

3. CoinEx Shutdown and Main Traps: The 5% Fee and Forced Conversion

The official regulations contain two highly dangerous clauses that will lead to losses if the CoinEx shutdown catches you off guard:

  • Forced Liquidation of Altcoins. If you fail to withdraw your tokens before September 29, 2026 (02:00 UTC), CoinEx will sell them in external liquidity pools at the "current market rate" and credit you with USDT. During a mass liquidity exodus, this sale will happen with massive slippage, wiping out a huge portion of asset value.
  • Confiscatory Fee. Funds remaining on the exchange after December 22, 2026, will be transferred to an "independent custodian". This service will charge 5% per month of the initial balance. This means losing 60% of the deposit in the first year alone. Requests for returns from the custodian will only be accepted until August 22, 2028.

4. Reclaim Capital Solution: Capital Protection and Withdrawal

Panic withdrawals of large sums, especially when a CoinEx shutdown occurs, are a direct path to triggering AML alerts and facing "permanent" account blocks under the guise of detailed investigations.

Special Risk Zone: Institutional Accounts and KYB

If you are withdrawing funds from a Corporate Account or attempting to move volumes exceeding $100,000, standard compliance will not be enough. The exchange has the right to request an updated Ultimate Beneficial Owner (UBO) structure and audit reports on the origin of capital. A corporate account review can take up to 6 months, pushing past the deadline, after which the 5% fee will be applied to the balance.

LEGAL DEPARTMENT RECOMMENDATION

The closer it gets to the final closure date (December 22), the higher the probability of "technical glitches" and delayed KYC reviews by CoinEx support. We strongly recommend preparing a Source of Funds (SoF) package prior to initiating a withdrawal transaction.

The specialists at Reclaim Capital are ready to provide:

Support for large wholesale (OTC) withdrawals from the exchange with advance preparation of a Legal Opinion and evidence of the origin of capital.

Legal pressure on the CoinEx compliance department in the event of an unlawful account freeze during the period of mass fund outflow.

Direct buyout of your frozen balances (Distressed Assets) if the account is already blocked and you don't have the time or desire to participate in multi-month reviews.

Ready to monetize or protect your asset?

Don't wait for your account to be frozen. Evaluate the cost of your claim or get a consultation on safe fund withdrawal.

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Frequently Asked Questions

Is the CoinEx Wallet safe?
Yes. The official announcement states that CoinEx Wallet and CoinEx Vault are independent decentralized products. You hold the private keys, so the closure of the centralized exchange (CEX) itself will not affect them.
What will happen to CET tokens?
The exchange has committed to repurchasing them at a fixed rate of 0.005 USDT until September 29, 2026. After this date, all unwithdrawn CET will be automatically and forcibly converted into stablecoins, and the CoinEx Smart Chain blockchain will be disabled.
Why is the exchange closure accompanied by a 5% fee?
This is a classic prohibitive measure in liquidation procedures (Cessation of Operations). Legally, it relieves the company of responsibility for "abandoned" assets and allows them to legally write them off the balance sheet over time.

This material was prepared by the analytical department of Reclaim Capital. We specialize in managing special situations in complex jurisdictions, buying distressed debt (Distressed Assets), and protecting creditor rights.

Please note: this publication is of an informational and analytical nature and is based on the official statement of the exchange's management dated September 14, 2026.

Contact us: @ReclaimCapital