Bankruptcy

Australian Exchange TAGZ is shutting down

By WlanWerner | BreakingNews | 1 Jul 2020


Yesterday, on 30 June 2020, the Australian crypto exchange TAGZ announced it's shut down due to the Covid-19 pandemic in a press statement published on Twitter. According to their statement, there is no possibility to remain profitable.

All Users now have time until July 30, 2020, to withdraw all funds held on the exchange. All assets which are then still on the exchange will be added to the liquidated company asset holdings.

 

Side Note: The exchanged called itself one of the Leading Crypto Exchange, but there were several reports about problems with withdraws and also here on publish0x you can find some posts which call TAGZ a Scam. In the end everyone has to has to form his own opinion.

 

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