Coinbreze Exchange presented itself as a cryptocurrency exchange platform for buying, selling, and trading digital assets. However, it was not a legitimate business. It operated by using a name and other details similar to the well-known, authorized company Coinbase to deceive and solicit funds from unsuspecting investors. The UK's Financial Conduct Authority (FCA) has publicly warned that Coinbreze Exchange has no affiliation with the genuine company and was providing financial services without the required authorization. Its operations were designed to defraud consumers.

Founded in

Estonia