MajesticBank exchange shuts down: 'every good thing has an end'

Instant exchange platform MajesticBank¹ has announced² the immediate shut down of its services yesterday and promised to refund pending orders for the next 30 days via Telegram or email³:

Thank you Monero project, Monero community and real Monero people for everything so far. MajesticBank was not created to make profit but to complete mission, a Monero mission. There are some pending orders (sorry about that) which will be refunded with premiums ranging from 100-500 USD based on value. [..] As soon as service is disintegrated, farewell donations will follow. [..] MajesticBank will cease to exist entirely.

It is worth mentioning that MajesticBank was directly sponsoring Monero and other ecosystem projects, including Haveno and MoneroKon, as previously reported⁴.

This is an ongoing story and the report will be updated when new information is available.