Just In: Cobinhood Exchange Shuts Down for Audit

The Cobinhood exchange, a staple of up-and-coming coin and token projects, has announced a sudden down period to audit its balances.

Audit Suddenly Announced for a One-Month Period
Cobinhood, one of the last exchanges to support multiple altcoins, has turned up with a worrying message. The market stated it is closing for an audit – but such news, coming on the tail of other exchange closings, are taken as a negative sign.

COBINHOOD Exchange is shutting down and auditing all 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

The exchange itself has promised to reopen within days. But the news of the audit arrives just months…

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