According to a post Reddit uploaded by Diquiurenminbi, Coinsoda has disappeared as well as its cryptocurrency and exchange. The Reddit user uploaded a post explaining that this blockchain and cryptocurrency project is part of a new exit scam.
The user explains that not only Soda Coin has disappeared and the exchange, but also coinoda.io, and its Telegram and Twitter accounts. The Telegram ad page is still there.
At the same time, the user explains that the company was distributing soda coins and the users who had deposited BTC and ETH would receive an additional 2% of the funds.
The Reddit user commented on the issue:
"Meh, it was not a really interesting or interesting surprise, but it was something I bought some, I thought I'd share the news for anyone interested."
There have been several scams coming out during the last year. The cryptocurrencies and the companies associated with them have expanded on the market after the upward trend tested at the end of 2017.
The scammers have also decided to participate in the market and subtract funds from users with different methods. One of the favorite ways scammers have to steal funds is to create a fake Initial Coin Offering and blockchain project, raise funds and escape when they reach a significant number of cryptocurrencies like Bitcoin or Ethereum.
It seems that Soda Coin was one of these exit scams that aim to steal funds from users. This is why it is very important for investors to make a proper survey of the various proposals made by these new platforms.
A user of Reddit commented on the post that "some say they have run out of gas".