Coinsmarkets was a digital currency exchange that gained some popularity in late 2017, particularly for listing and trading numerous small-cap and lesser-known altcoins. The platform operated during the peak of the 2017 cryptocurrency bull run. In early January 2018, users began reporting significant issues with withdrawing their funds. Shortly after, the website went offline completely. The operators vanished, and an estimated millions of dollars worth of user funds were lost, leading to the widespread conclusion that the company performed an "exit scam." The company and its operators were anonymous and unregulated.