Angle Protocol Goes Public After Coinstore Fails to Return $80k Loan
**Angle Protocol publicly accused Coinstore exchange** of failing to return an $80,000 loan made in October 2024.
The loan was provided to facilitate the listing of Angle's USDA and stUSD tokens on the exchange. Despite multiple attempts to recover the funds, **Coinstore has not returned the money**, citing operational issues with a market maker.
**Key details:**
- Loan amount: ~$80,000
- Purpose: Token listing for USDA & stUSD
- Coinstore's excuse: Market maker operational problems
- Angle's response: Public warning after repeated private attempts
**Angle Protocol strongly advises against** working with Coinstore for listings or trading, citing incompetence and unprofessionalism.
The protocol emphasized that **user funds remain secure** and the incident does not affect the safety of the Angle ecosystem.