On the official Twitter account, the Cobinhood crypto exchange published information about its intention to stop working onmonth for the purpose of reconciling account balances. The management of the exchange asks users not to make deposits so as not to lose their money.
COBINHOOD Exchange is shutting down and auditingall accounts' balances from Jan 10 to Feb 9 in 2020. It will be re-opened on Feb 10, 2020. All COBINHOOD users can then retrieve their funds accordingly. Please DO NOT make any deposits; it may result in permanent loss.
— COBINHOOD (@COBINHOOD) January 10, 2020
In the comment thread, users suggested that this might be the end of Cobinhood’s work on the market.
However, the platform promises that the funds will remainsecurely so that investors and traders can access them as verification is completed – February 10. The exchange will notify users about the start of work via email.