Toxic Leadership and Unethical Practices – Avoid at All Costs - Anonymous employee Coinstore Employee Review

As a former employee, I strongly advise against joining Coinstore. The company, formerly known as Singapore World Blockchain Forum (WBF) under Sheng Zhao, has a questionable history and operates without a compliance team—alarming for an exchange. Chief officers are made up of inexperienced stakeholders who make poor decisions, creating a chaotic work environment. While the operations team works in shifts, other departments are forced to remain on call 24/7 without proper compensation, leading to severe burnout. Chief Officers are egotistical and refuses to accept facts, creating a toxic atmosphere where employees feel undervalued. A perfect example of their flawed decision-making is how management approaches problem-solving. Instead of practical solutions, they tend to provide ridiculous, ineffective ideas. It’s like telling you, "St***d of you to cook the bread at 350° for 55 minutes when you can just do the math and cook it at 19250° for one minute." This is exactly the kind of mindset that represents the management—quick, absurd solutions that show a complete lack of understanding of how things actually work. The turnover rate is shockingly high—particularly in the backend departments, where most employees last only about a month. Coinstore's high reviews on platforms like Glassdoor and Trustpilot are fake, created by management to boost its image. Many managers are unqualified. Developers struggle with basic tasks, the marketing team lacks fundamental skills, and HR is ineffective. Despite having tiny teams, employees are expected to match the output of much larger competitors, which is entirely unrealistic. This company is heartless and operates like a scam. If you are considering working here, run. The combination of poor management, deceptive practices, and a toxic environment makes it an unsustainable and unethical place to work.