Cobinhood Exchange "kicked the last" with DEXON before going bankrupt

[bounty.bn]

Cobinhood Exchange "kicked the last" with DEXON before going bankrupt

The Cobinhood trading floor suspected of filing for bankruptcy on May 20, as well as suddenly appointing a liquidation agent to fire its employees. Next time, Cobinhood will officially close.

This information appeared at the time Cobinhood congratulated himself on the success of ICO DEXON. Last month, ICO DEXON helped the floor to collect 3 million USD.

Large-scale scam needs a plan
Cobinhood is a trading platform no stranger to "scandal". Earlier this month, the floor announced that Popo Chen had left the position of co-founder due to "disputes between individuals and investors" along with "emotional instability". However, Chen is still the co-founder of the DEXON project.

Now, the community realizes the departure of this character has been set before Cobinhood filed for bankruptcy. In an effort to keep up face, Chen said he will continue to maintain DEXON, not put an end to business operations. The price of copper coins in Cobinhood is COB as well as the DEXON base coin that DXN has immediately dumped strongly after this news.

Every body need careful when using this exchange

[1715484708]

1715484708

[tspmhack6]

Thank you to share good information. I think with such a way, their bankruptcy will come shortly.

[rdbase]

This is some shocking news from when I first heard about them heavily promoting their service late last year saying it was going to be a game changer and seeing many people on youtube having their links ready for those to register. They were claiming they made $32 a day by using their service and referrals which seemed unreal in the first place. Whenever a service claims their customers make this much just by trading then you know it is not sustainable in the long run.
Now look where they are filing for bankruptcy.

[AmoreJaz]

This is some shocking news from when I first heard about them heavily promoting their service late last year saying it was going to be a game changer and seeing many people on youtube having their links ready for those to register. They were claiming they made $32 a day by using their service and referrals which seemed unreal in the first place. Whenever a service claims their customers make this much just by trading then you know it is not sustainable in the long run.
Now look where they are filing for bankruptcy.

game-changer huh!
promising such daily income without solid basis is not sustainable to start with... i wonder how many people will cry about their dexon investments...
such pain in the *ss trusting these exchanges!!!

[logfiles]

I always felt there was something Fishy about Cobinhood.

1. "Zero-fee cryptocurrency exchange "
I wonder how they would survive if their trading fee was Zero. This was not going to be sustainable long term one way or another.

2. I was a direct rip off in terms of branding from a popular stock trading App know as Robinhood. Very shady in my Opinion. At some point i even thought Robinhood and Cobinhood were kind of related.

3. And the here comes the shady ICO.
Apparently they first raised $20Million from private investors around mid August 2018 and here is the best part... It was for "a New Blockchain That Can Process 1 Million Transactions/s"    WTF?  
https://hacked.com/cobinhood-founders-raises-20-million-for-new-blockchain-that-can-process-1-million-transactions-s/

Apparently, the new token DEXON started trading even before investors received their tokens and it dumped massively and now we are hearing about filing a bankruptcy? This can not be a coincidence.

In April 2019, the associated company of Cobinhood, Dexon Foundation, raised over $3 mln on its DXN token ICO. Just the other day, the exchange unlocked DNX and immediately dumped it on the market, without giving investors their purchased coins.

Right on the same day, the exchange declared bankruptcy and appointed liquidators, while the price of DXN plummeted around 80 percent on the news. The crypto community saw this as a clear exit scam.

Source: https://ethereumworldnews.com/cobinhood-crypto-exchange-announces-bankruptcy-community-spots-exit-scam/

What the hell even happened to their other COB token?

[Yoshinoya]

It is regrettable that cobinhood has experienced this problem, even though the exchange is very good and has long been established.
this is learning for us to observe the market to trade more safely

[bitbollo]

Hi @logfile, related "0-fee policy", for what I have seen, they compensate with:
- no micro orders (you should trade at least 25-30$)
- withdrawal fee (not related to block chain fee tx).

I think this discussion should be created also in scam accusation topic.

Cobinhood still has not given the public an exact date when it will cease work. At the time of writing, the site of the exchange is still functional with trades being conducted in the standard mode.

I always felt there was something Fishy about Cobinhood.

1. "Zero-fee cryptocurrency exchange "
I wonder how they would survive if their trading fee was Zero. This was not going to be sustainable long term one way or another.

2. I was a direct rip off in terms of branding from a popular stock trading App know as Robinhood. Very shady in my Opinion. At some point i even thought Robinhood and Cobinhood were kind of related.

3. And the here comes the shady ICO.
Apparently they first raised $20Million from private investors around mid August 2018 and here is the best part... It was for "a New Blockchain That Can Process 1 Million Transactions/s"    WTF? 
https://hacked.com/cobinhood-founders-raises-20-million-for-new-blockchain-that-can-process-1-million-transactions-s/

Apparently, the new token DEXON started trading even before investors received their tokens and it dumped massively and now we are hearing about filing a bankruptcy? This can not be a coincidence.

In April 2019, the associated company of Cobinhood, Dexon Foundation, raised over $3 mln on its DXN token ICO. Just the other day, the exchange unlocked DNX and immediately dumped it on the market, without giving investors their purchased coins.

Right on the same day, the exchange declared bankruptcy and appointed liquidators, while the price of DXN plummeted around 80 percent on the news. The crypto community saw this as a clear exit scam.

Source: https://ethereumworldnews.com/cobinhood-crypto-exchange-announces-bankruptcy-community-spots-exit-scam/

What the hell even happened to their other COB token?