Many users have problems withdrawing funds from Coinlist

time:2022-11-24 10:53 source:Internet

Journalist Colin Wu reported that cryptocurrency platform Coinlist has suspended deposits and withdrawals.“Some community members have reported that Coinlist, the largest cryptocurrency crowdfunding platform, cannot withdraw coins. The official reason is that the site’s custodial partner is undergoing maintenance, but it has been going on for more than a week. Coinlist suffered a $35 million loss due to the collapse of Thee Arrows Capital (3AC). Coinlist Custody partners include Anchorage, Bitgo, Gemini Custody and Silvergate Bank. In 2018, Digital Currency Group (DCG) participated in an investment round for Coinlist. It is unclear whether Coinlist has partnered with Genesis, which is currently on the verge of bankruptcy,” Wu wrote.Coinlist’s customer service said on its Twitter that only deposits and withdrawals for FLOW, MINA and CFG are currently unavailable.However, many users are complaining that they can’t withdraw other coins as well, particularly WBTC.
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