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

[speedsonic]

Sunnyset, if live beyond 82 what should one do? top nothing in ra good option meh?

 

[HeeroYuy84]

So funds put inside chocolate cannot withdraw and no sdic?

 

[Bumperbee88]

No evidence of that .

But they did screwed cheapo AXS mile users including influencers that trigger a short bank run and mass panic among existing customers.

Maybe they ought to attract customers that doesn't trigger bank runs and sabotage the business for no reasons.

Let's see whether will MAS do any thing to these 2 influencers. Or Chocolate will eat them, by sue.

 

[Bumperbee88]

Investing in Chocolate Finance carries certain risks that potential investors should carefully consider:


1. Lack of Capital Guarantee


Funds invested with Chocolate Finance are allocated to short-term bond funds, which are subject to market fluctuations. Consequently, there is no assurance of capital preservation, and investors may experience losses.


2. Recent Operational Challenges


In March 2025, Chocolate Finance faced an unusually high volume of withdrawal requests, prompting the temporary suspension of instant withdrawals. Withdrawals during this period were processed within three to ten days, reflecting potential liquidity management challenges.


3. Adjustments to Rewards Programs


The company had to disable certain payment options due to customers exploiting its miles reward program, leading to unsustainable transaction volumes. This indicates vulnerabilities in program management and the need for rapid policy adjustments.


4. Non-Guaranteed Returns


While Chocolate Finance advertises attractive returns, these are not guaranteed and are subject to change based on market conditions. Investors should be aware that actual returns may vary, and past performance does not necessarily predict future results.


Given these factors, investing in Chocolate Finance entails a higher risk profile compared to traditional savings options. Prospective investors should thoroughly assess their risk tolerance and consider these aspects before committing funds.

If they don't touch users' funds for investments, than how on earth Chocolate generate that attractive yields in the first place? Don't you thing is very strange, leh

 

[Bumperbee88]

Here is make $$$$ with traditional ways, and sit woon woon. While the younger ones risk their hard earned $$ into newbies and novelties. Later get their hands burnt, and cum here kpkb.

 

[Acetone]

Investing in Chocolate Finance carries certain risks that potential investors should carefully consider:


1. Lack of Capital Guarantee


Funds invested with Chocolate Finance are allocated to short-term bond funds, which are subject to market fluctuations. Consequently, there is no assurance of capital preservation, and investors may experience losses.


2. Recent Operational Challenges


In March 2025, Chocolate Finance faced an unusually high volume of withdrawal requests, prompting the temporary suspension of instant withdrawals. Withdrawals during this period were processed within three to ten days, reflecting potential liquidity management challenges.


3. Adjustments to Rewards Programs


The company had to disable certain payment options due to customers exploiting its miles reward program, leading to unsustainable transaction volumes. This indicates vulnerabilities in program management and the need for rapid policy adjustments.


4. Non-Guaranteed Returns


While Chocolate Finance advertises attractive returns, these are not guaranteed and are subject to change based on market conditions. Investors should be aware that actual returns may vary, and past performance does not necessarily predict future results.


Given these factors, investing in Chocolate Finance entails a higher risk profile compared to traditional savings options. Prospective investors should thoroughly assess their risk tolerance and consider these aspects before committing funds.

PT1; So they are saying that those who withdraw will not get full amount lah.

 

[andrewtankw]

They take the cut from the top. Anything above the committed returns will be their profit.

 

[ricohflex]

Quote from CF website {

Risk disclosure : This programme does not guarantee capital or returns. Chocolate reserves the right to pause or stop the programme at any time due to market disruptions, over-utilisation, excessive withdrawals, exchange restrictions, or other force majeure events.

} UnQuote

 

[m0n0n0ke]

Quote from CF website {

Risk disclosure : This programme does not guarantee capital or returns. Chocolate reserves the right to pause or stop the programme at any time due to market disruptions, over-utilisation, excessive withdrawals, exchange restrictions, or other force majeure events.

} UnQuote

Ok...sounds good

 

[Bumperbee88]

Every time these youtubers talk financial stuffs, they hide behind disclaimer like DYODD or “I am not an expert” so when sh** happens, they want no responsibilities. They create an impression that their audience cannot sue them.

The fact is, they can be sued. And if there is a big group of victims or company, they are still liable because they encourage investing and has economic benefits when their audience do so.

Especially they also have vested interest. Besides that, they can be sue for market manipulation and also market abuse.

From google Market abuse:
In Singapore, market manipulation, including false trading and market rigging, is prohibited under the Securities and Futures Act (SFA) (Sections 196 to 201), with penalties including criminal prosecution and civil liability for affected investors.


Here's a more detailed explanation:


Key Provisions of the SFA:

• Prohibited Actions:
  Sections 196 to 201 of the SFA criminalize various forms of market manipulation, including:
  

• False Trading: Engaging in transactions designed to create a false or misleading appearance of active trading or to fix the price of securities.

• Market Rigging: Manipulating the market by artificially inflating or deflating prices.
  
  
• Making False or Misleading Statements: Disseminating false or misleading information about securities to induce others to trade.
  
  
• Fraudulently Inducing People to Deal in Securities: Using deceptive or manipulative tactics to get people to buy or sell securities.
  
  
• SFA Section 197 (1) (b):
  Specifically prohibits any action or course of conduct intended to create a false or misleading impression about the market or the price of securities.
  
• Section 202:
  Prohibits the circulation or dissemination of statements or information that suggests the price of any security will rise or fall due to transactions that contravene SFA sections 197 to 201.
  
• SGX-ST Rule 13.8.1:
  Requires Trading Members and Trading Representatives to not engage in any act that could create a false or misleading appearance of active trading or lead to a false market
  
  
• Consequences of Market Manipulation:
  • Criminal Prosecution: Individuals who engage in market manipulation can face criminal penalties, including imprisonment.
    
• Civil Penalty Action: The Monetary Authority of Singapore (MAS) can take civil action against those who engage in market manipulation, including fines.
  
  
• Civil Liability to Investors: Affected investors who suffer losses as a result of market manipulation may have a right to sue for damage

From google Market manipulation:
Singapore's market abuse laws, primarily enforced by the Monetary Authority of Singapore (MAS) through the Securities and Futures Act (SFA), aim to protect investors and maintain market integrity by prohibiting practices like insider trading, market manipulation, and false trading, potentially resulting in criminal and civil penalties.

Here's a more detailed explanation of Singapore's market abuse laws:

Key Laws and Regulations:

• Securities and Futures Act (SFA): This is the primary legislation governing securities and futures markets in Singapore, including provisions related to market abuse.
  

• Part XII of the SFA: This part of the SFA specifically addresses market misconduct, including insider trading, false trading, and market manipulation.
  
  
• Monetary Authority of Singapore (MAS): The MAS is the central bank and financial regulator of Singapore, and it is the primary authority overseeing the implementation and enforcement of market abuse regulations.
  
  
• Guidelines on the Regulation of Markets
  
  
• SGX Rulebook:
  

Prohibited Conduct:

• Insider Trading:
  Trading securities based on non-public, confidential information (inside information) is prohibited.
  

• Market Manipulation:
  This includes actions designed to artificially influence the price or volume of securities, such as creating false or misleading appearances of active trading.
  
  
  
• False Trading:
  Engaging in trading practices intended to mislead investors or distort the market's true dynamics, including wash trades or pre-arranged trades.
  
  
  
• Misleading Statements:
  Providing false or misleading information to the market.
  

 

[ctan84]

CF should just make a casual statement like something along the line of "we are considering legal actions against certain content creators on various social media platforms who might have contributed to the surge in withdrawals on Monday". Make that short tongue kelvin, sethsimilj and the bui bui aunty pee in their pants and have sleepless nights for a few weeks.

 

[sunsetbay]

Will you go for BRS and rest leave in OA?
And start payout at 65?

I'll go for FRS~ between BRS to FRS is 100k+ difference which I comfortable to let it lock inside but from FRS to ERS is another 200k+ jump~ so have to consider carefully~

Sunnyset, if live beyond 82 what should one do? top nothing in ra good option meh?

If you have other cash saving, investments and don't have plan on the use for OA~ then ERS probably suitable for you~

Let say your CPF has 426k now and you have turned 55 this year~
Option 1, opt for ERS which gives you est $3.3k/mth for life when reached 65~

Option 2, opt for FRS and the remainder 213k in OA~ every month CPFLife gives you $1.73k, at same time you also draw out $1.57k from OA every month, total 3.3k (to match the above example)~ by age 82 your OA will be depleted and you can only rely $1.73k/ mth payout~

If you have long life then all-in ERS and if you foresee yourself live pass 90 then delay the payout till 70 to get $4k+~

 

[SimpleToo]

https://www.mas.gov.sg/news/media-releases/2025/comments-by-mas-on-chocolate-finance

Comments by the Monetary Authority of Singapore on Chocolate Finance​

Singapore, 12 March 2025… The Monetary Authority of Singapore (MAS) notes that Chocolate Finance, an online robo advisory service operated by Chocfin Pte Ltd (Chocfin), and Allfunds, an independent fund custodian, have issued a joint press statement on the security of Chocfin’s fund holdings and orderly processing of withdrawals.
2. Digital advisors are required to segregate customer assets from their own. In particular, customers’ assets and monies must be held in independent custody by custodians licensed and regulated by MAS. Customer monies must remain intact and cannot be used to meet the liabilities of the digital advisor at all times. MAS notes the confirmation provided by both Chocolate Finance and Allfunds that these requirements have been fully met. MAS continues to engage Chocolate Finance to ensure that all customer withdrawals will be met in an orderly fashion.

MAS seem to say everything okay

 

[mel1888]

Put in Maribank Mari-invest suah.
Principal guaranteed.
At most dont earn investment proceeds niah for that day.
Plus proceeds credited daily.

 

[fire]

https://www.mas.gov.sg/news/media-releases/2025/comments-by-mas-on-chocolate-finance

MAS seem to say everything okay

Still monitoring, shxt happens then come out say otherwise

 

[Cyber_Ghost]

Until now I still unable to understand why ppl here keep telling others that CF need a few days to sell their holdings to get cash as this is the “standard practice”.

in the 1st place CF contractually stated in their T&C that “Instant withdrawal” as their selling point. If they failed to honour this means CF is 違約 unless they specifically mention inT&c that “ in the event of large numbers of withdrawal happens, FC will need a few days to fulfill the withdrawal…..”

the selling the holding to generate fund had got nothing to do with depositors. It is CF problem not depositors problem.

what happens if I need the fund back for emergency use like hospital fee for urgent operations in live and death situation and my money is stuck in the “3 to 10 days” delay instead of instant withdrawal?

I think after this saga CF need to amend their T&C to include this clause liao.

 

[articland05]

https://www.mas.gov.sg/news/media-releases/2025/comments-by-mas-on-chocolate-finance

MAS seem to say everything okay

an lah
just wait for moolah return ba
after all this confirm ppl ditch them liao

 

[c4765177]

suddenly from nothing in an entire day
to 3-4 emails a day keep reassuring funds are secured, safe

 

[c4765177]

saying nothing actually
just saying, oh we confirm with party A and B that they understand our requirements

https://www.mas.gov.sg/news/media-releases/2025/comments-by-mas-on-chocolate-finance

MAS seem to say everything okay

 

[c4765177]

saying nothing actually
just saying, oh we confirm with party A and B that they understand our requirements

https://www.mas.gov.sg/news/media-releases/2025/comments-by-mas-on-chocolate-finance

MAS seem to say everything okay