In the morning, Chinese journalist Colin Wu shared about the suspension of withdrawals on Coinlist, and is there a new bankruptcy news? questions arose.
At the center of the allegations coinlistAn explanation came from.
Expressing that the perception of bankruptcy created on the stock market regarding the suspension of withdrawal transactions is a great FUD, Conlist made the following statements.
“There are a lot of FUDs around.
CoinList is not bankrupt or on the verge of bankruptcy. We are experiencing technical issues affecting deposits and withdrawals.
We are upgrading our internal ledger systems and migrating wallet addresses that include multiple custodians.
This is one of many efforts we undertake to provide better products and services to our customers around the world.
As with any great venture, some problems may arise along the way:
Some tokens take longer than expected to migrate. (ROSE, CFG, FLOW and MINA).
There was an outage yesterday that affected many tokens on our platform.
Once again, this is a purely technical issue, not a liquidity crunch. We have full solvency and hold all user assets in dollars.
Regardless, this is not the quality of service we desire and we apologize for any inconvenience caused.
Proof of reserve is on our roadmap. We will provide an update to our community within 24 hours”
1/ There is a lot of FUD going around that we would like to address head on.
CoinList is not insolvent, illiquid, or near bankruptcy. We are experiencing technical issues that are affecting deposits and withdrawals.
— CoinList (@CoinList) November 24, 2022
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