Omg tried to withdraw money from chocolate finance cannot immediate withdrawal. Say need up to 10 working days to withdraw

[Weeli85]

I did for small amount cause I need it. I was using CF for liquid since can withdraw anytime. Now cannot. Haiz

so you u choose which option now? Wait 10 days or pending for instant withdrawal to solve?

I still unsure which to choose...

I see my 1k inside abit uneasy

 

[sacredrays]

so much noise here, let me put things into perspective for you guys with my point of view

1.) No SDIC, so what? this is NOT a bank, as such a bank run cannot occur since it is not a bank. At most they can only run. Just like hodlnaut is also not a bank, So no worries there.

2.) You guys when signed up are already aware this is an investment and all investments carry risk. The old adage goes the higher risk your money go poof, higher the returns u should expect.
In this case. Choco finance gave a whopping 0.4%? big fat juicy returns compared to say SCB esaver account.
For $20k, that is like a whole $6.66 a month extra which you can use to buy a McSpicy meal?

Whats SDIC if I can have a fat juicy delicious McSpicy meal every month?

really laughing at those who assumed it's safe as a bank deposit account..

 

[leonaheidern]

so much noise here, let me put things into perspective for you guys with my point of view
1.) No SDIC, so what? this is
NOT
a bank, as such a bank run cannot occur since it is not a bank. At most they can only run. Just like hodlnaut is also not a bank, So no worries there.
2.) You guys when signed up are already aware this is an investment and all investments carry risk. The old adage goes the higher risk your money go poof, higher the returns u should expect.
In this case. Choco finance gave a whopping 0.4%? big fat juicy returns compared to say SCB esaver account.
For $20k, that is like a whole $6.66 a month extra which you can use to buy a McSpicy meal?
Whats SDIC if I can have a fat juicy delicious McSpicy meal every month?

you eat mcspicy but capital gone how not to heart pain lo


Read HWZ Forum Rules!

 

[lovemyself123]

what was the deal for 20k they assured 3.3% right

for above 20k how much is the returns?

 

[crimsontactics]

When GXS cutting?

I think cut liao Bro The_Davis...

 

[lowveld]

Don’t understand why settlement need ten days? What is happening?? They better come clean!

 

[harky]

i don’t have a withdrawal account so i transfer some fund through paynow on sat. the amount is not reflected inside the app. how long does it take to verify and save my bank account info? anyone knows?

ah? i today do.. very fast verify

 

[wulu1_69]

Don’t understand why settlement need ten days? What is happening?? They better come clean!

It's 10 biz days actually, equivalent to 14 calendar days technically

 

[roses_are_rosie]

I know. But the bank is insured. So it's still much safer

so i sell my mari invest and change to normal type ah shu shu ?

 

[letonzy]

l

The problem is T+2 at most is Wednesday get Liao.
Now is anywhere from T+3 to T+10.

Definitely got something fishy

selling short term bond in fsm take around 4 business day to complete the whole process. with so massive full withdrawal, i think cf has no choice but to add buffer

 

[The_Davis]

Don’t understand why settlement need ten days? What is happening?? They better come clean!

Yes need to cum cream!

 

[virtualape]

so much noise here, let me put things into perspective for you guys with my point of view

1.) No SDIC, so what? this is NOT a bank, as such a bank run cannot occur since it is not a bank. At most they can only run? Just like hodlnaut is also not a bank, So no worries there.

2.) You guys when signed up are already aware this is an investment and all investments carry risk. The old adage goes the higher risk your money go poof, higher the returns u should expect.
In this case. Choco finance gave a whopping 0.4%? big fat juicy returns compared to say SCB esaver account.
For $20k, that is like a whole $6.66 a month extra which you can use to buy a McSpicy meal?

Whats SDIC if I can have a fat juicy delicious McSpicy meal every month?

20k can buy many many mcspicy....

 

[RinoaX]

The problem is T+2 at most is Wednesday get Liao.
Now is anywhere from T+3 to T+10.

Definitely got something fishy

In my opinion, they have to sell huge amounts of assets to fund these withdrawals. These sizes typically become illiquid and need time to sell into the market without moving a needle or setting off more alarms.

 

[BusyBeeWorker]

influencer scared tio sue, came up with another article? lol that's why you can't trust these influencers

 

[FlyGuardX]

we need a poll on how many has initiate withdrawal or how many people don't care

 

[virtualape]

I believe seth video somewhat triggered the bank run

If it did, chocolate can sue him ?

 

[Hyruga]

Won't get sued so easily la unless they say something defamatory or false.

 

[The_Davis]

Now is his 3rd most viewed video

If it did, chocolate can sue him ?

 

[virtualape]

Now is his 3rd most viewed video

Jialat...the more eyeballs, the worse. Hope the ad revenue he receive from yt enough to hire a lawyer if needed.

 

[sacredrays]

Jialat...the more eyeballs, the worse. Hope the ad revenue he receive from yt enough to hire a lawyer if needed.

sue him for what?