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

[MaskedRider555]

inside no moolah

 

[ctan84]

https://sg.linkedin.com/in/amelia-tan-8049908b

anyone can access their head of compliance linkedin profile?

Yah, nothing special about it ah..

 

[limelemon]

mothership also covered liao lol more and more exposure on this and still no official statement on their website, basically going to snowball to even more mess and just going to have more and more people to panic withdraw

 

[blurredprint]

Need to balance liquidity with good rates, they underestimated sinkies very humji any bad news rush to withdraw...

They should have come out statement much quicker, anyway many other firms also take time to clear withdrawals so its nth new

 

[AndroidComa]

Need to balance liquidity with good rates, they underestimated sinkies very humji any bad news rush to withdraw...

They should have come out statement much quicker, anyway many other firms also take time to clear withdrawals so its nth new

and yet we are still waiting...
almost 5pm end of business day liao
still waiting

 

[OutBreak]

mothership also covered liao lol more and more exposure on this and still no official statement on their website, basically going to snowball to even more mess and just going to have more and more people to panic withdraw

Luckily I don't feel right and believe my gut instinct. I just had a chill up my spine thinking what if I did not do anything and never withdraw immediately.

 

[comlasa]

“Life is like a box of chocolates. You never know what you're gonna get”

Is that Forest Gum

 

[carey]

Chocolate finance hear the name already scared liao.

reminds me of those cny gold coin chocolate .. very easy melt

Looks good only but still "fake"

 

[mynickname]

This satki guy predicted it all in July 2024

http://dividendpassiveincome.blogspot.com/2024/07/why-i-am-not-taking-part-in-guaranteed.html?m=1

In this case I dont think its cf tanking the losses, but more correctly tanking the liquidity.

Anyone asking where mas is, I might suggest they are the ones who caused the 3 to 10 day delay by querying why cf is technically providing an unlicensed lending business lol.

 

[testart]

Isn’t it the same as those online betting sites

Not sure

I have questions too

what idea did they sold in the first place?

what’s their selling point?

what marketing statement that were sold to the public?

did they mention instant withdrawal in their marketing?

what was the key reason people place their funds in this platform? is it instant withdrawal?

 

[carey]

and usually such rumors are quickly extinguished
but CF until now is MONITOR lizard only

Not that easy

Needs G or authorities to come out and quell rumors

Ownself cannot ownself say nothing is wrong

 

[wisco]

I cant even login now....anyone has the same problem?

 

[GarnetDragon]

 

[ctan84]

I cant even login now....anyone has the same problem?

No problem for me. Did you update the app? They released an update a few hours ago.

 

[carey]

In this case I dont think its cf tanking the losses, but more correctly tanking the liquidity.

Anyone asking where mas is, I might suggest they are the ones who caused the 3 to 10 day delay by querying why cf is technically providing an unlicensed lending business lol.

Still got some "losses" which will come from the difference between the actual return and the "guaranteed" 3.3% rate bah

 

[carey]

This Company just set up in July 2024.

Are they under regulation of MAS?

Yes, apparently they are "licensed" by MAS

 

[OutBreak]

I cant even login now....anyone has the same problem?

I still can logon.

 

[cpuer]

Wonder Mr Chee is on top of this or not

 

[andrewtankw]

MAS should come out to say something to quell the rumours

 

[wisco]

No problem for me. Did you update the app? They released an update a few hours ago.

yes , just updated...