• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

CoinList has complained that it is unable to withdraw cash, sparking bankruptcy rumors

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

CoinList end users have not been in a position to withdraw money from the platform for far more than a week, the platform explains, for the reason that the custody companion method is beneath servicing. But is it truly so?

CoinList has complained that it is unable to withdraw cash, sparking bankruptcy rumors

CoinList is a well known open token revenue platform for early stage tasks like Casper, Mina or Solana. On Nov. sixteen, CoinList announced it was suspending withdrawals of Movement, MINA, ROSE, and CFG coins due to custody retention.

Related articles

What is money laundering?  “Money laundering” tricks used by criminals in cryptocurrencies and how to prevent them

What is cash laundering? “Money laundering” tricks applied by criminals in cryptocurrencies and how to stop them

November 27, 2023
Hackers did not return money, Kyber Network threatens legal action

Hackers did not return cash, Kyber Network threatens legal action

November 27, 2023

👷 New servicing update:
Upcoming Retention of Custody – Movement, MINA, ROSE, CFG.

To know far more about this pay a visit to the website link under:https://t.co/7mxoUh2vIP

— CoinList Support (@CoinListSupport) November 15, 2022

However, as of these days, November 25, ten days right after the servicing announcement, CoinList has not announced the reopening of withdrawals, generating end users exceptionally concerned.

Upon acquiring this kind of complaints, CoinList had to announce that they have been “extending” the withdrawal time period for Movement, MINA, and CFG. The purpose offered by the platform is that the escrow companion holds longer than anticipated, but also emphasizes that the asset is fully safe and sound.

Monitoring:
Our custody companion is undergoing servicing which is taking longer than anticipated. During this time deposits and withdrawals for Movement, MINA and CFG are not accessible.

Rest assured that your money are safe and sound. Thanks for your persistence!

— CoinList Support (@CoinListSupport) November 23, 2022

But certainly the local community are unable to believe in it a hundred%, assuming that CoinList is in danger of illiquidity due to the influence of The collapse of FTX. Before, when 3AC failed, CoinList reported a reduction of $35 million.

In 2018, Digital Currency Group (DCG) participated in CoinList’s Series A investment, it is unclear whether or not Genesis – a DCG subsidiary at present dealing with bankruptcy – has any ties to CoinList or not. Some other custody partners include things like Anchorage, Bitgo, Gemini Custody and Silvergate Bank.

For its portion, CoinList explains that the method is “having a glitch affecting deposits and withdrawals,” not obtaining a lack of liquidity or going bankrupt like the FUD spread.

four/ Again, this is a purely technical difficulty, not a liquidity crisis. We hold all consumer assets dollar for dollar.

Regardless, this is not the excellent of services we aspire to and we apologize for the inconvenience. Stock testing is on our roadmap.

More updates quickly

— CoinList (@CoinList) November 24, 2022

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: bankruptcyCoinListcomplainedmoneyrumorssparkingunablewithdraw
Share76Tweet47

Related Posts

Robinhood Completes $200M Bitstamp Acquisition, Expands Crypto Reach

by shark
June 3, 2025
0

Robinhood acquires Bitstamp for $200M, expanding its global crypto business into institutional services.

WLFI’s USD1 Stablecoin Achieves $10B Transfer Milestone

by shark
June 3, 2025
0

WLFI's stablecoin USD1 surpasses $10 billion in transfers 10 days post-Binance listing.

Reitar Logtech Plans $1.5B Bitcoin Investment

by shark
June 3, 2025
0

Hong Kong's Reitar Logtech plans a $1.5B Bitcoin investment to diversify assets and expand logistics technology.

VanEck Highlights Bitcoin Quantum Computing Threat Concerns

by shark
June 3, 2025
0

VanEck warns of Bitcoin's vulnerability to quantum computing threats, citing challenges in adapting quickly.

Ethereum Foundation Announces Team Layoffs and Structural Changes

by shark
June 3, 2025
0

Ethereum Foundation restructures, announcing layoffs and a refocus on scaling and user experience.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Robinhood Completes $200M Bitstamp Acquisition, Expands Crypto Reach
  • WLFI’s USD1 Stablecoin Achieves $10B Transfer Milestone
  • Reitar Logtech Plans $1.5B Bitcoin Investment
  • VanEck Highlights Bitcoin Quantum Computing Threat Concerns
  • Ethereum Foundation Announces Team Layoffs and Structural Changes
  • Justin Sun Leads TRON DAO at Bitcoin Vegas 2025 Event
  • Yellen Initiates Debt Cap Measures Amid US Fiscal Concerns
  • Circle Increases IPO Price Range Amid Strong Valuation Prospects
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7