The Estonian crypto-bureau Coinmetro OÜ suspended new user registration, replenishment of accounts and withdrawal of funds from the end of June 2026. The company officially filed a court application for a supervisory reorganization.

Coinmetro cited the "malfunction" of one or more financial service providers as a reason for suspending operations. The CEO and owner of the exchange, Kevin Murko, clarified that the counterparties simply stopped providing services and disappeared without contact. The Company is considering legal action on this matter.

Murko explained that the reorganization is aimed at moving the operating business from Estonia to Malta, where Coinmetro applied for the MiCAR license as early as February 2026. The approaching deadline of 1 July 2026, when companies without a license must stop serving customers in the EU, has forced management to launch a court case - this allows for orderly settlement of liabilities.

Murko did not give a direct answer to the question of security of user funds, noting only the financial stability of the company, but acknowledging that there were serious difficulties ahead.

Recall that in August 2025, the PCT Litigation Trust, the asset manager of the bankrupt Prime Trust, filed a lawsuit against Coinmetro demanding to cancel some of the transfers made by the exchange before the collapse of Prime Trust in June 2023. Whether the current situation is related to this case was not specified at Coinmetro.