10th Jan 2020
CobinHood, a currency exchange that promised low transaction fees and convenient desktop and mobile trading, is unexpectedly closed. The exchange was registered in the Cayman Islands but based in Taiwan.
In a message to their users, the exchange said it is checking all account balances and migrating data. The exchange will reopen on February 10, 2020. Then the exchange will send an email about the withdrawal process to all users and then allow users to check their balances. In the meantime, users are strongly advised not to deposit any funds. Many in the crypto community think that the exchange is trying to pull off a classic exit scam.
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