Cryptocurrency exchange COBINHOOD has announced the suspension of operating activities for a month.
The exchange says it is shutting down and auditing all accounts' balances from Jan 10 to Feb 9 in 2020. It will be re-opened on Feb 10, 2020. All COBINHOOD users can then retrieve their funds accordingly.
COBINHOOD Exchange is shutting down and auditing all accounts' balances from Jan 10 to Feb 9 in 2020. It will be re-opened on Feb 10, 2020. All COBINHOOD users can then retrieve their funds accordingly. Please DO NOT make any deposits; it may result in permanent loss.— COBINHOOD (@COBINHOOD) January 10, 2020
Last May, COBINHOOD was suspected of an exit scam. Back then the activity of the parent company was suspended.
The exchange's founder Popo Chen said that he would create a separate team to continue working on the project.
Earlier iHodl reported that former head of a cryptocurrency exchange Binance Mariana Gospodinova left the exchange and joined Crypto.com, a crypto-focused payments platform as General Manager, Europe.
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