Magsasara na ang Cobinhood Exchange (Update: Pwede na mag-withdraw)

Bttzed03

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Heads up everyone, lampas na yung auditing period nila na Feb. 9,2020 kaya pwede na mag-withdraw yung mga may naipit pang pondo doon.

Sa tingin ko dapat meron pa silang follow up announcement pero hindi na siguro mahalaga dahil nabanggit naman na mga petsa sa pinakahuling anunsyo nila.

Update 2: Here's the latest announcement. Apparently, naka-scedule na pala siya. So depende sa hawak mong coins/tokens ang araw ng withdrawal.

Quote from: https://cobinhood.zendesk.com/hc/en-us/articles/360039039532-Crypto-Refund-Schedule-Why-can-I-not-retrieve-cryptos-right-away-

As each crypto’s refund schedule is different, you may see the expected schedule as below:

From Feb 10, 2020
BTC, BCH, BCHSV, ETH

From Feb 18, 2020
ERC20 tokens
https://cobinhood.zendesk.com/hc/en-us/articles/360039273792-ERC20-Tokens-List

From Feb 25, 2020
ACT, LTC, ZEC, CMT, DASH, EOS, LSK, LSTR, VTHO, and NANO

From March 3, 2020
DXN, DOGE, TRX, VET, XEM, XLM, XMR, XRP, XTZ, NEO, MIOTA, QTUM and GAS

*Please note that the refund schedule may be subject to change.

Dabs

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Hindi ko nga na gamit o naka gawa ng account dyan sa cobinhood ever since. I suggest kunin nyo lahat ng coins nyo, withdraw to any desktop wallets or other mobile wallet depende kung ano altcoins hawak nyo dyan. Do not keep coins on exchanges or any web based services. Pwede sila magsara any time.

d3nz

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Quote from: john1010 on January 27, 2020, 07:20:01 AM

Malaking exchange ba yang cobinhood? di kasi ako tumitingin sa rankings ng exchange sa CMC sa top 10 exchanges lang kasi ako nagtetrade, siguro naman di yan makakaapekto sa overall price ng cryptos.

Maliit lang ata sya na exchange kasi nag trade din ako sa kanila at yung presyo ng cobinhood sa market nila ay $1 which is parang knkalaban nila si binance at kucoin dati. Hindi maapektuhan ang market nito dahil kaunti lang ang trader dito.

john1010

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Malaking exchange ba yang cobinhood? di kasi ako tumitingin sa rankings ng exchange sa CMC sa top 10 exchanges lang kasi ako nagtetrade, siguro naman di yan makakaapekto sa overall price ng cryptos.

Ailmand

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Quote from: ice18 on January 21, 2020, 06:32:09 AM

Nakasali pa ako sa bounty nito dati at malaki den ang nalikom nilang pera sa ICO nasa 500 milyon pesos den ata grabe naubusan sila ng pondo sa halos 2 taon lang? Tingin ko dito misuse of funds ang naging dahilan kasi dumaan ang bullrun at dapat mas lumaki lalo pondo nila siguro hindi sila nagsiguro at hindi na-liquidate iyong ether funds nila kaya nung 2018 tinamaan den ng bear market, kawawa naman yung mga hodler ng token nila at naniwala nung nag-invest sila, karamihan sa team na to from Taiwan kung exit scam nga ito, sana naman makasuhan sila sayang ang pera hindi biro ang 500m pesos.

Edit: my explanation pala yung founder tungkol sa exit scam: https://medium.com/@Cobinhood/a-letter-from-popo-chen-ed509029427b

Kahit malaki ang pondo ng isang exchange kung wala naman ito gaanong users malulugi at malulugi rin ito. Malamang dahil sa misuse ng funds at mismanagement ang dahilan kaya hindi gaano kumita ang exchange. Kaya hindi ideal na mag iwan ng pondo sa mga exchange, dahil hindi mo masasabi kung bigla man itong mawala o magsara.

joshy23

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Quote from: carriebee on January 20, 2020, 09:40:45 AM

Quote from: ecnalubma on January 11, 2020, 08:05:33 PM

Bihira lang ako gumamit ng Cobinhood, marahil sa baba narin ng liquidity ng exchange kaya nagpasya silang mag shut down. Although kahit may potential ang isang exchange kung mahina talaga sila marketing mahihirapan silang maka survive lalo na pag tag tumal.

Never ko pa nagamit ang Cobinhood exchange kaya sa ganitong announcement sa exchange nila maging aware dapat ang mga user nito. Once na kaunti lang talaga ang gumagamit sa exchange na ito may posibilidad magsara ng tuluyan ito. Totoo yan mahihirapan makasurvive pag ganyan ang problema kaya dapat may improvement sa exchange na ito.

Tama. Kung kaunti lang ung user hindi magtatagal malulugi ung service nila, mahirap magbakasakali dahit na rin sa dami ng mga nagiging scam
sa panahon na ito. Dapat bago ka magparticipate alamin mo talaga ng maigi ung kundisyon ng business, kung establish na sila malaking bagay
yun para mag stay at patuloy na gumamit else, dapat maging alerto ng makaiwas sa mga scam..

ice18

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Nakasali pa ako sa bounty nito dati at malaki den ang nalikom nilang pera sa ICO nasa 500 milyon pesos den ata grabe naubusan sila ng pondo sa halos 2 taon lang? Tingin ko dito misuse of funds ang naging dahilan kasi dumaan ang bullrun at dapat mas lumaki lalo pondo nila siguro hindi sila nagsiguro at hindi na-liquidate iyong ether funds nila kaya nung 2018 tinamaan den ng bear market, kawawa naman yung mga hodler ng token nila at naniwala nung nag-invest sila, karamihan sa team na to from Taiwan kung exit scam nga ito, sana naman makasuhan sila sayang ang pera hindi biro ang 500m pesos.

Edit: my explanation pala yung founder tungkol sa exit scam: https://medium.com/@Cobinhood/a-letter-from-popo-chen-ed509029427b

carriebee

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Quote from: ecnalubma on January 11, 2020, 08:05:33 PM

Bihira lang ako gumamit ng Cobinhood, marahil sa baba narin ng liquidity ng exchange kaya nagpasya silang mag shut down. Although kahit may potential ang isang exchange kung mahina talaga sila marketing mahihirapan silang maka survive lalo na pag tag tumal.

Never ko pa nagamit ang Cobinhood exchange kaya sa ganitong announcement sa exchange nila maging aware dapat ang mga user nito. Once na kaunti lang talaga ang gumagamit sa exchange na ito may posibilidad magsara ng tuluyan ito. Totoo yan mahihirapan makasurvive pag ganyan ang problema kaya dapat may improvement sa exchange na ito.

Question123

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Quote from: Distinctin on January 18, 2020, 10:46:13 AM

Ito talaga ang kahihinatnan sa mga exchanges na nagkukulang ng support galing sa team nila at mas lalong-lalo na kapag hindi maganda ang reputation an ipinakikita nila sa mga traders. I hope they will start again at aayusing nilang maagi kung ano man ang kanilang pagkakamali. Kung gugustuhin nilang maka-atract ng mga traders dapat transparent sila at may active market support.

Mahirap kasi sa ibang exchange di nila ginagawa yung mga dapat gawin nila kaya naman yung mga trader o tayo hindi natin sila pinipili o kaya naman hindi tayo nagtratrade doon. Dahil ako gusto ko talaga yung exchange na complete pati yung team buo at mapagkakatiwalaan kaya naman marami ding trader kung saan ako nagtratrade kung ginawa lang nilang maayos ang exchange site nila baka makahatak itp ng napakaraming mga traders at kikita sila ng million dollars at hindi magsasara.

Distinctin

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No dream is too big and no dreamer is too small

Ito talaga ang kahihinatnan sa mga exchanges na nagkukulang ng support galing sa team nila at mas lalong-lalo na kapag hindi maganda ang reputation an ipinakikita nila sa mga traders. I hope they will start again at aayusing nilang maagi kung ano man ang kanilang pagkakamali. Kung gugustuhin nilang maka-atract ng mga traders dapat transparent sila at may active market support.

ecnalubma

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Bihira lang ako gumamit ng Cobinhood, marahil sa baba narin ng liquidity ng exchange kaya nagpasya silang mag shut down. Although kahit may potential ang isang exchange kung mahina talaga sila marketing mahihirapan silang maka survive lalo na pag tag tumal.

Johnyz

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Quote from: jakelyson on January 10, 2020, 09:50:04 AM

Quote from: Vaculin on January 10, 2020, 09:14:18 AM

So they will re-opened on feb 10 2020, that's just one month of closing, they are not stating the reason of the shut down so people will speculate, my speculation is that probably there's a transition going on and it will be under a new management.

Sa pagkakaintindi ko mag oopen lang para makapagretrieve ng funds ang mga users. Gaya ng sabi sa taas, malamang bankrupt nga ang exchange na ito. May account ako dito pero wala ng funds. Matagal na rin kasi na hindi ko nagamit itong exchange na ito.

Nakakalungkot ang mga gantong news pero the good thing is that, magkakaron pa ng chance ang mga users para makuha nila ang pera nila sa exchange na ito. Kapag may ganton news sa kahit anong exchange ay dapat mong siguraduhin na mabebenta mo agad yung mga coins mo para naman hinde ito masayang at hinde ka malugi.

blockman

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Quote from: Vaculin on January 10, 2020, 09:14:18 AM

So they will re-opened on feb 10 2020, that's just one month of closing, they are not stating the reason of the shut down so people will speculate, my speculation is that probably there's a transition going on and it will be under a new management.

Parang kakaiba naman yung style nila sa pag open ng mga withdrawals nila. Kasi dapat bago sila magsara dapat lahat ng mga transaction ay tapos na di ba? kaso sa kondisyon na ganyan parang pahirapan pa ata at baka nga bigla nalang silang mawala. Yung mga traders na may malaking pondo pa doon wala silang magagawa kundi antayin lang yun at syempre nakakaba para sa kanila yung ganun kasi posibleng mawala nalang silang parang bula bago pa yung araw na yun.

gunhell16

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Isang Exchange na naman ang magsasara, madalang ako magtrade dito dahil mga bounty payments lang ang madalas kong laruin at papalitan sa exchange na ito.
Pero isa na namang malungkot na balita ito para sa mga trader at crypto enthusiast, malalagasan na naman ang mga exchanges.
Sana manumbalik na ang sigla sa mundo ng cryptocurrency.

Clark05

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Cobinhood exchange ay hindi gaanong kilala pagdating sa larangan ng pagtratrade kaya naman siguro ay napagdesisyonan n nila na magsara sa kadahilan nga nito. Kaya naman mas maganda sa mga user o trader kapag pipili ng site na pagtratradan ay make sure na ito ay kilala at maraming trader din doon dahil sabihin lang noon na kumikita ang may ari kaya hindi agad agad magsasara.

serjent05

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Quote from: Vaculin on January 10, 2020, 09:14:18 AM

So they will re-opened on feb 10 2020, that's just one month of closing, they are not stating the reason of the shut down so people will speculate, my speculation is that probably there's a transition going on and it will be under a new management.

Sa tingin ko nagkaroon ng internal problem ang Cobinhood Exchange, probably hindi nagtally ang pagaudit nila at may nawawala. Possibly magsasagawa sila ng reaudit para masiguro ang mga damages and they need to shutdown for a month. Hindi na nila sinabi dahil malaking kahihiyan at maaring mawalan ng tiwala ang mga users kung mabanggit nila ang ganitong klaseng issue.

Quote from: Bttzed03 on January 11, 2020, 01:53:10 AM

They filed bankruptcy from the news article I shared in the OP. The reopening on Feb. 10 is to allow users there to withdraw funds after audit. I'm not sure though whether someone else will purchase the exchange.

I hope they will disable the deposit option para hindi na makapgdeposit ang mga users nila para maiwasan ang confusion.

Bttzed03

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https://bitcoincleanup.com/

Quote from: Vaculin on January 10, 2020, 09:14:18 AM

So they will re-opened on feb 10 2020, that's just one month of closing, they are not stating the reason of the shut down so people will speculate, my speculation is that probably there's a transition going on and it will be under a new management.

They filed bankruptcy from the news article I shared in the OP. The reopening on Feb. 10 is to allow users there to withdraw funds after audit. I'm not sure though whether someone else will purchase the exchange.

Quote from: Beparanf on January 10, 2020, 11:25:33 AM

~ Dapat mage mail sila sa ibang investor or trader nila since 1month lang ang palugid and Madaming investor ang hindi pa active sa crypto ulit as they prefer to hold.

This is the right thing to do. Few minutes after their announcement, baka nag-email blast na din sila sa mga account holders.

Quote from: Xsinx on January 10, 2020, 11:45:57 AM

Every january of the new year lagi nalang may nagsasarang exchange, last year cryptopia ngayun naman cobinhood. Yung 1 month auditing na yan nakakatakot para sa mga account holder kasi possible na maging under receivership yung company at matatagalan bago makuha ang pondo ng mga tao. Maaring naglilinis na sila ng mga evidence at ready to go na sila to exit scam.

Oo nga eh. Magkaiba man ang dahilan ng pagsasara, hindi pa din magandang salubong sa bagong taon. Pagdating naman sa withdrawal, hindi na ako magugulat kung may full KYC verification bago maka-withdraw kahit small amounts lang. Tungkol naman sa exit scam, naakusahan na sila nyan kaya siguro maraming nawalan ng tiwala sa kanila at no choice na kundi mag-shutdow.

Xsinx

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Every january of the new year lagi nalang may nagsasarang exchange, last year cryptopia ngayun naman cobinhood. Yung 1 month auditing na yan nakakatakot para sa mga account holder kasi possible na maging under receivership yung company at matatagalan bago makuha ang pondo ng mga tao. Maaring naglilinis na sila ng mga evidence at ready to go na sila to exit scam.

Napakahirap na talaga magtiwala sa mga exchange kahit coins.ph for cashout nalang talaga. Hindi rin safe for custodial ng mga bitcoins natin.

Beparanf

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Quote from: Vaculin on January 10, 2020, 09:14:18 AM

So they will re-opened on feb 10 2020, that's just one month of closing, they are not stating the reason of the shut down so people will speculate, my speculation is that probably there's a transition going on and it will be under a new management.

If bankrupt sila probably there'll be no way na mag new management unless may bumili sa brand nila. I remember how popular cobinhood before if I'm not mistake it also have bounty that time na madami din kumita. Dapat mage mail sila sa ibang investor or trader nila since 1month lang ang palugid and Madaming investor ang hindi pa active sa crypto ulit as they prefer to hold.

jakelyson

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Quote from: Vaculin on January 10, 2020, 09:14:18 AM

So they will re-opened on feb 10 2020, that's just one month of closing, they are not stating the reason of the shut down so people will speculate, my speculation is that probably there's a transition going on and it will be under a new management.

Sa pagkakaintindi ko mag oopen lang para makapagretrieve ng funds ang mga users. Gaya ng sabi sa taas, malamang bankrupt nga ang exchange na ito. May account ako dito pero wala ng funds. Matagal na rin kasi na hindi ko nagamit itong exchange na ito.

bitcoin31

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Quote from: Palider on January 10, 2020, 09:31:14 AM

Quote from: Vaculin on January 10, 2020, 09:14:18 AM

So they will re-opened on feb 10 2020, that's just one month of closing, they are not stating the reason of the shut down so people will speculate, my speculation is that probably there's a transition going on and it will be under a new management.

Sa tingin ko na bankrupt sila , Dahil kaunti nalang ang volume ng Cobinhood Exchange. Sana nalang e bawi ng mga investor ang kanilang pondo at ito ay hindi maging exit scam ayun narin sa mga speculation ng ibang mga tao.

sana yung mga trader sa Cobinhood ay makabawi o makapagwithdraw sila ng pera nila dahil pera naman nila yun at karaoatan nila yun dahil pinagpaguran nila yan pero kaya next time kapag pipili ng trading site mas maganda mas malaki yung volume para naman hindi agad agas magsasara o kaya mawawala at para ito ay mas maging safe din sa mga coins na mayroon ka.

Palider

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Quote from: Vaculin on January 10, 2020, 09:14:18 AM

So they will re-opened on feb 10 2020, that's just one month of closing, they are not stating the reason of the shut down so people will speculate, my speculation is that probably there's a transition going on and it will be under a new management.

Sa tingin ko na bankrupt sila , Dahil kaunti nalang ang volume ng Cobinhood Exchange. Sana nalang e bawi ng mga investor ang kanilang pondo at ito ay hindi maging exit scam ayun narin sa mga speculation ng ibang mga tao.

Vaculin

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So they will re-opened on feb 10 2020, that's just one month of closing, they are not stating the reason of the shut down so people will speculate, my speculation is that probably there's a transition going on and it will be under a new management.

Question123

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Hindi ako nakakapagtrade sa exchanges site na yan at hindi ko rin alam ang about diyan pero need na talagang magwithdraw ng pera o mga coins ang mga trader na mayroong funds pa diyan dahil baka mamaya hindi pa nila makuha mahalaga na gumawa ka ng thread na ganito kabayan para malaman ng ating mga kababayan na gumagamit nv cobinhood exchange.

Bttzed03

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Gaya ng nabanggit sa title, ito ang announcement nila tungkol sa shutdown

Quote from: Bttzed03 on February 12, 2020, 01:12:52 AM

~
Update 2: Here's the latest announcement. Apparently, naka-scedule na pala siya. So depende sa hawak mong coins/tokens ang araw ng withdrawal.

Quote from: https://cobinhood.zendesk.com/hc/en-us/articles/360039039532-Crypto-Refund-Schedule-Why-can-I-not-retrieve-cryptos-right-away-

As each crypto’s refund schedule is different, you may see the expected schedule as below:

From Feb 10, 2020
BTC, BCH, BCHSV, ETH

From Feb 18, 2020
ERC20 tokens
https://cobinhood.zendesk.com/hc/en-us/articles/360039273792-ERC20-Tokens-List

From Feb 25, 2020
ACT, LTC, ZEC, CMT, DASH, EOS, LSK, LSTR, VTHO, and NANO

From March 3, 2020
DXN, DOGE, TRX, VET, XEM, XLM, XMR, XRP, XTZ, NEO, MIOTA, QTUM and GAS

*Please note that the refund schedule may be subject to change.

Topic: Magsasara na ang Cobinhood Exchange (Update: Pwede na mag-withdraw) (Read 283 times)