COBINHOOD Shuts Down Operations to Audit Accounts' Balances
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10 January
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Cryptocurrency exchange COBINHOOD has announced the suspension of operating activities for a month.

Cobinhood Founder Denies Exit Scam

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.

Last May, COBINHOOD was suspected of an exit scam. Back then the activity of the parent company was suspended.

COBINHOOD CEO Leaves the Exchange

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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