I've literally never moved my COSS since buying it (quite a lot). It was ALWAYS on the platform.Now I login to find out they did a 'swap' and I had to actually login and click a button to 'SWAP'.If the SWAP was mandatory, then why didn't they just automatically convert it. My COSS was always on there.Now I'm left with the useless COSS token and all my FSA allocations - which were quite a lot as well, now show ZERO.I've received no email from COSS, no announcement, no warning whatsoever. I just found out about this now. What the actual hell?Under EU law, this isn't legal. You can't just take a user's funds away under the guise of a 'swap'.Since I'm an accredited solicitor in the UK, I can very easily put together a class-action complaint for both the EU authorities (since COSS has a Dutch presence) as well as the Singapore FCA. If this happened to you as well - please get in touch in private. There's a high chance we can do something about it.Just because it's crypto doesn't mean this is a jungle. Please get in touch, there are strict regulations and laws for this now.
Submitted January 09, 2020 at 06:58PM
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