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

[Acetone]

Tried to withdraw $20,016 and it says withdrawals more than $20K in a single day take 3 to 10 days. It is normal or TS spread fear?

U try with $1000 or $100 and see…

 

[Bumperbee88]

You want to eat chocolate?? Now chocolate eat you first.

 

[AndroidComa]

Wah… I wonder if this will hit mainstream news or not

MAS as usual, STILL MONITORING!

suggest go to your respective stores, and leave a 1 star review

 

[dgeralds]

Anyone got issues making card txns?

Yes....shopee cannot...it says not enough fund

 

[AndroidComa]

maybe some hdb flat address? or post box...

1 george street, #10-01, one george street, singapore 049145

 

[Bumperbee88]

Chocolate finance regulated by MAS but not covered by SDIC because ish not bank. The money they used to put into other investments to give you higher returns but ish subjected to market risk

People again and again fall into this sort easy money comes with high interest rate attaction.

 

[Iyarash11]

wana be different, wana try luck, try rah, try harder

 

[Equivocal2011]

They say in their own website

https://www.chocolatefinance.com/#Benefits

Your funds with Chocolate Finance are held separately by trusted custodians, HSBC and State Street, under the management of our fund managers, and are ringfenced in the event that anything happens to Chocolate.

Now it's a matter of whether they did this arrangement properly.
If done well, they should at least pay back some money. But maybe not 100%.
Bank runs are never a nice thing to go through or handle.

Let's hope for the best.
Keep one another updated on any developments.

 

[SimpleToo]

I must say i am quite surprise by the domino effect of entire saga…

as for those trying to use debit card dont bother, chances are those people withdrawing from grabpay had drained their debit liquidity…

 

[Bumperbee88]

jialat liao...

 

[keewee0415]

Their operation model is the same , giving higher returns for your money but is sexposed to market risk. Maybe they also tio burn by US markets. Otherwise should not delay withdrawals. because they depends on customer deposits to churn more money

Description matches something that sounds like this

 

[AndroidComa]

People again and again fall into this sort easy money comes with high interest rate attaction.

good job to MAS cos they maybe anyhow issue licence? now who will trust MAS regulated?

regulated by the Monetary Authority of Singapore (CMS101452) to perform fund management activities
their CMS licence nobody will trust anymore

 

[yellowduck]

1 george street, #10-01, one george street, singapore 049145

wah, expensive carpark there... hahaha

 

[Rosanjinz]

Got someone put 600k sia

 

[sighinguy]

You want to eat chocolate?? Now chocolate eat you first.

https://www.linkedin.com/posts/walt...s&rcm=ACoAACUjG38Bzz5cU43g8i6BG6fb6Kqn9SovJtU

paste your screenshot on the chocolate CEO LinkedIn post. I think they trying hard to market new deposits to pay withdrawals.. Ponzi scheme

 

[win_man]

U try with $1000 or $100 and see…

chao turtle i just started my account 1 March 2025 only leh

 

[yellowduck]

Got someone put 600k sia

can afford to dump in 600K, we dont have to worry for this person lar...

 

[comlasa]

Sounds like a bank run liao...

 

[SimpleToo]

good job to MAS cos they maybe anyhow issue licence? now who will trust MAS regulated?

regulated by the Monetary Authority of Singapore (CMS101452) to perform fund management activities
their CMS licence nobody will trust anymore

If i not wrong they kept their money in custodian bank by MAS regulations so money should technically still be there but withdrawal will take some time or maybe years if they go kaput…

this is unlike holdnaut case where MAS approve their swap and not their holdings…

 

[tJ3333]

	https://www.chocolatefinance.com
	+65 94797979
	1 GEORGE STREET #10-01 ONE GEORGE STREET 049145

https://eservices.mas.gov.sg/fid/institution/detail/421453-CHOCFIN-PTE-LTD