[Sg] - Chocolate Finance suspends instant withdrawals due to ‘high demand’

[UltimaOnline]

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Chocolate Finance suspends instant withdrawals due to ‘high demand’​

Users have to wait three to 10 days if they make withdrawals during this period.

https://www.businesstimes.com.sg/co...utm_medium=social-organic&utm_source=facebook

 

[Sustanon]

Seriously with a name like this who da fuck will give a shit about it except for kum gong kias.... sheeples listening to financial gurus influencers for financial advise..... how much more stupid can you get lol....

 

[congo9]

I find that such platform is a waste of time and money. You don't have a base, don't have customer service , don't have a brick and mortar stall.

You want to make money via finding from your shareholder and investor ?

 

[KingFook Sr]

Chocolate Finance
Hee Hee,
.
Nasi Lemak Bank
or
Briyani Asset Management.

 

[ftan42]

HaHa, my fund is deposited in Mari Bank, think it is quite safe with its backing from Shopee

 

[WangChuk]

kenna scammed by all those High Divdend Bonds and Trusts before .... promised high interest .... but end up capital depreciation until all collected interest also not enough to cover the capital losses .... this one should also be sama sama sai with candy coatings ...

 

[face the facts]

its an insult to those smart sinkees to even come up with such a name for serious money business......the wonders of the AI world nowadays

 

[Hightech88]

10 days is just to buy time, usual trick likely this AMDK founder farker will run road soon.

Choc Finance is not insured by SDIC, although they have MAS CMS licence also useless. On surface, they appear to have segregated and 'ringfenced' customer deposits with HSBC and State Street according to this report, but there is no confirmed verification yet on where are customer's deposits being held yet.

Whoever the fark so foolish to deposit their monies into such decentralized finance (DeFi) platform deserved their own demise. What they are offering is only slightly higher than bank rates for 1st and 2nd tier $20K deposits with no guarantee above that which they claim is a 'target' return, all signs of high risk claims.

Their business models are obviously targeting kumlan kumgong poor customers with investible funds < $50K who kiasu kiasi yet greedy wanting a slightly higher interest rate than local banks while the richer folks knew they are much better off buying blue-chip stocks like DBS/Singtel/OCBC/UOB or major REITs like Capitaland/Mapletree/Frasers Centrepoint etc. which give consistent dividends above 4% with positive annual stock growth some more for the past 5 years, LOL.

 

[Scrooball (clone)]

What bullshit? Cannot withdraw money not liquidity issue is what?

 

[Sustanon]

10 working days (lol.... use working days to buy even more time) should be more than enough time to run road. Tio bo?

 

[congo9]

All this chocolate finance, government ban them from starting all this crappy stuff.

 

[UltimaOnline]

 

[UltimaOnline]

 

[Scrooball (clone)]

Can u imagine if your ATM card don't allow you to withdraw money? Lol... tell u to wait 3 days or more?

 

[nabeifuckpap]

Smart people invest in USA stocks and ETFs, only kumlan retard sinkies invest in sinkie market

 

[batman1]

Choc Finance ???!!!

 

[congo9]

There's a new platform Arta.

 

[sbfuncle]

These influences and financial gurus, so good with investment and deposited in this kind of shitty company in the first place?
And now come out to discourage.
Better jiak sai lor.
Can sai company sue them for making these beedios?
Sue them till theirp pant drop.

 

[ChenShuang]

Chocolate Finance
Hee Hee,
.
Nasi Lemak Bank
or
Briyani Asset Management.

That is funny

 

[jw5]

Always be suspicious of a non-chocolate manufacturing company which calls themselves chocolate.