Were You Scammed by Coinseed? Get in on the Class Action Lawsuit from the Start

By bettercallpaul | Better Call Paul | 2 May 2021

Were You Scammed by Coinseed? Notification of Intent to Pursue Litigation


Were you scammed by Coinseed, the supposed DeFi crypto investing app?  Did you lose profit from your invested Bitcoin, Ether, LTC, XRP, DOGE, or any of the other major cryptos that this fraud service advertised as being available through their app? 

Thousands have been scammed, and only some have been able to receive refunds or partial refunds from their bank because the service defrauds clients into thinking they have safe crypto stored and making profit so that the 60 day dispute time frame runs out.  

The SEC has already brought an enforcement action against them. 

So has the New York Attorney General Letitia James, who seeks to shut the site down. 

All services in the app have been pretty much turned off -- yet they still allow people to deposit! 

I lost a total of $4300 through their scam, and was able to recoup around $800 from my bank.  Thus, I am in the process of putting together a class action lawsuit against them.  I'm sure that there are plenty of you out there the have lost much more than this, but the amount doesn't really matter.  They took advantage of vulnerable people in the middle of a global pandemic, operating as a mix between a classic Ponzi scheme and an exit scam.  

If you have lost money due to the fraudulent services of Coinseed, Inc., please either leave your contact information in the comments section below, or contact me at [email protected] if you don't want your personal information on this website, and I will get your story over to the attorney looking into this.  Early plaintiffs in a class action can sometimes act as the "class representative," and if so, will receive a separate award if we win the case or achieve a settlement.  

The SEC will try to help people as much as they can, but they won't be able to recoup all of the funds.  Thus, bringing this action is the best way I know of to ensure that we have a chance to get our funds back.  

Hope to talk to many of you soon.  Let's show this scammer -- CEO Delgerdalai Davaasambuu -- and the rest of the Coinseed criminals -- that we are not the people who will take being stolen from lying down! 

NY AG Lawsuit Info:  https://www.natlawreview.com/article/new-york-attorney-general-sues-to-shutter-cryptocurrency-trading-firm-coinseed

SEC Enforcement Info: https://www.sec.gov/litigation/litreleases/2021/lr25032.htm

Pending Class Action Site:  http://www.synergenlaw.com/coinseed-case-evaluation/  (This is not me, it's others that are represented by another attorney, but I may merge my efforts after discussing with them).


Here's what happens when you try to get your money, no matter if you have previously been approved for withdrawal or not: 


\Coinseed Scam (@CoinseedScam) | Twitter 


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Winner of the Publish0x 100K writing contest, I am a seasoned freelance creative writer with over a decade of writing and journalism experience. I love to write, cook, and learn new things. I look forward to contributing relevant content.

Better Call Paul
Better Call Paul

A multi-topic blog focusing on legal and technology topics. All published content is intellectual property and copyright protected under federal laws. Copyright is held by the author, W. Paul Alexander.

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