consider the amount of work that they have put, the amount of ppl they hire, the office they are renting. do u think that they would deliberately steal your money, risking the entire work that they have done so far in establishing this exchange?

i may at most accept that this is a genuine mistake from cobinhood

anyone can use Bancor Protocol without needing the coin.
Why would anyone buys the coin?
Does it give any additional incentive for anyone to use Bancor coin if he intends to use the Bancor Protocol?

personally, i don't find their argument especially strong -of using Bancor coin as reserve, expecting it to rise, which naturally raising the value of coins holding Bancor as reserves.