Bitcoin Forum

Cobinhood and Dexon Foundation have left their investors high and dry by pulling off what appears to be a carefully planned greedy exit scam. Just last month, they raised $3 Million USD from investors, and today they simply unlocked all of DEXON's Coin (DXN) to dump onto the market...


Full Article: https://blog.saturn.network/cobinhood-frauds-investors-in-planned-exit-scam/

That project sucks and i will never try to believe it and 1 million TPS is a non sense thing created by DEXON or ups i forget to mention cobinhood caused by both were created by the same person.
Just curious about why investors are not even doing deep research before? All of the frameworks about the future roadmap created by dexon doesn't make sense at all.
I forget it to trade on there after seeing your article and thanks a lot mate.

Most probably because they're not serious with their investment and just follow the quick profit-hyped project scheme. Crypto investor seriously needs to learn about investment and how they should position themselves in a situation like this, or when the project has troubles. This is the problem that needs to be solved or scammy projects with simple whitepaper would still be able to raise thousands or even millions of dollars.

On a side note, this exit scam tactic is really terrible if it was true. Don't we know who's running Cobinhood or Dexon? Isn't it easy to drag them out and sue them?

It's them,

https://i.imgur.com/bLV8LKS.jpg

Apparently, before they get sue, people should have strong and valid proof that these two ran their money. But I guess it will be difficult to people to sue them since these guys file bankruptcy. It's surely plotted from day 1.

A total of $16 million worth of exit scam. Do these people can sleep at night?

I thought cobinhood was a good exchange and now i see it is not. I can't believe they can easily do such a thing.

For a trader, i am having hard times to use any exchange even for a short time. Binance got hacked recently, cryptopia got hacked and bankrupt, cobinhood also, hitbtc can't be trusted for lots of reasons, bittrex and poloniex locked users funds for months, i don't want to talk about yobit and even decentralized exchange etherdelta got hacked. Exchange is the biggest problem and liability on the crypto world. And i can't think any solution to this problem.

Wait, is this for real? I knew Dexon since Cobinhood was conducting Dexon airdrop but I can't really believe what just happened. It's pointless for Cobinhood to exit-scam, they must be able to make more money by operating their business than just running away with investors' money/do this kind of action.

Read some more detailed articles , look like CEO Chen Taiyuan lavishly spent the company money for its own personal gain and in the end liquidated the company.
Hope that taiwanese authority will thoroughly investigate the case and put culprits behind the bar.

That might possibly happen if there are people who will file complaint against them but I doubt the possibilities since investors are around the globe thus it will be a struggle.

Then that's we call, greedy.