Chocolate Finance Withdrawal Issues

Chocolate Finance has halted instant withdrawals due to 'high demand'. Even if you get your money back this time, would you still trust them again in the future to manage your money?

Is this really due to Chocolate Finance's decision to remove AXS payment support and lying about it or is there another angle we can view this from?

Do you think this is going to be a bank run and will Chocolate Finance survive?

Background read for those who dunno what is going on: https://www.channelnewsasia.com/singapore/choco...

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Discussion (32)

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Anonymous

16 Mar 2025

I took some off the table. The returns aren't that attractive to take such potential risks.

I was too lax and didn't do my risk management promptly.

Luckily the bond prices are on the rise recently. If it was going the opposite direction really dunno what will the fallout be like.

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KC

Edited 14 Mar 2025

Get Knocks at Skool of Hard Knocks

3 days ago withdraw, today got my funds in already.

CF did gave couple of email to assure the process of the refunds are on the way.

They 'sweeten' by give couple of percentage extra.

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Seedly Rookie

13 Mar 2025

Still waiting for the funds for my withdrawal (on 10 Mar 2025) to be credited into my bank account. Hope to receive it soon ...

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JH L

Edited 13 Mar 2025

Contrarian opinion here, as I have benefitted greatly from their regular programs (usual customer side) while keeping my losses to an absolute minimum.

But I feel I am one of the few who is willing to give them a second chance if and once they fix their current set of issues and implement measures to mitigate a similar incident, provided it is still competitive and the underlying conditions remain, with my usual risk management practices.

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