The Ukrainian cryptocurrency exchange KUNA is shutting down after 11 years of operation. The founder of the platform, Mikhail Chobanyan, officially announced the closure of the project and urged users to withdraw their funds by April 30, 2025. Starting May 1, the exchange’s servers will be shut down, and the only way to access your assets will be to contact the support email.
Chobanyan recommended that KUNA customers transfer their assets to cold wallets and pay attention to the security of cryptocurrency storage. He also urged users to update their knowledge of digital assets to better navigate the current cryptocurrency market.
According to Chobanian, his personal interest has shifted towards GovTech (government technology) and artificial intelligence. He believes that in the future, the world may move to a new model of society — a symbiocracy, which involves a global surplus of resources and the development of networked cities and megacities. The KUNA founder calls this scenario one of the most promising for humanity.
The closure of the exchange takes place against the backdrop of its blocking in Ukraine, which took place in January 2025 by the decision of the State Service for Special Communications and Information Protection. The reason for this was financial issues, including tax liabilities. At the time, Chobanyan had already announced that KUNA’s operations would be gradually phased out over the next few months.