Cobinhood Applies For Bankruptcy Exit

Cobinhood (a cryptocurrency exchange based in Taiwan) has revealed that it has decided to exit by filling for bankruptcy after an alleged scam. The company is currently in the process of laying off employees, restructuring and appointed a liquidator tasked with laying off its staff. A user tweeted: “Classy exit scam from COBINHOOD & dexonfoundation (same company). After raising $3M just last month, they unlocked all tokens, dumped on the market and announced that they appointed a liquidator.”

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