Dear Cobo customer:
Ethereum (ETH) is expected to undergo a London hard fork upgrade on August 5, 2021. To support this upgrade, Cobo will suspend the deposit and withdrawal services of ETH and its tokens at 20:00 on August 5, 2021.
The launch of the Ethereum London mainnet will likely result in the following two situations:
Situation 1: If no new tokens are generated after the hard fork, Cobo will resume the deposit and withdrawal business of ETH and its tokens as soon as possible.
Situation 2: If new tokens are generated after the hard fork, Cobo will distribute the ETH on the chain that has completed more work to you, and the block height will be 12,965,000, which is around 20:45 on August 05, 2021 , A snapshot of your cloud wallet ETH holdings（Eth positions that have participated in finance products will not be included in the snapshot）, and airdrop tokens on another chain to you at a ratio of 1:1. The airdrop will be issued to your account, and a separate announcement will be made when the distribution is completed.
The above plan may be adjusted according to the actual situation of the network at that time, if there is any change, a separate notice will be given. If you have any questions, please contact us in time and we will solve it for you as soon as possible.
August 4, 2021