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CobinHood Exchange Is Shutting Down

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.

Bildergebnis für cobinhood exchange email
Image by The Capital

Source: Coingape:
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Top 5 Crypto Exchange Hacks 2019

2019 saw a number of large crypto exchange hacks, resulting in millions of dollars stolen per attack. In this article you find 5 of the biggest breaches in the last 12 months. While crypto is well-known for increased security — mostly thanks to the decentralized nature of their underlying technology — the same cannot be said for crypto exchanges.

Source: Bitcoinist:
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