David's right, once you have paid for your virtual goods in this case gems, since you've already received the items it's no breach of contract. You spent 'em you lost 'em even if the game does go down. Always read the Terms and Conditions of sale.
And regarding CoE, it's still live. Not sure where the where the rumours of it being 'dumped' came from other than the same complaints on their forum regarding lack of company input.
Finally, Dawnseeker has left uCool. Hopefully we are singing from the same hymn sheet now.



