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Trading platform Cobinhood will "shut down for a month" and review account balances

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Cobinhood warns users not to deposit money with trading platforms to avoid permanent losses.

Block beat BlockBeats news, trading platform Cobinhood on its website issued a closure notice: from January 10, 2020 solstice February 9 to close the trading platform and audit all account balances. The notice said Cobinhood will reopen on February 10, 2020, when all Cobinhood users will be able to get their money back. Cobinhood warns users not to make deposits on the exchange to avoid permanent losses.

COBINHOOD's CTO, huang weining, announced that CEO Chen taiyuan had been fired "due to emotional instability" in May last year, after which Chen said he would file a lawsuit and reach a settlement with huang.

Related reading:https://www.theblockbeats.com/news/1436