Another Cryptocurrency Platform Has Stopped More Withdrawals!

Not making a good start to 2022 Bitcoin (BTC) and cryptocurrencyAlthough the financial markets showed a tendency to recover from time to time, in general, they spent the whole year in a decline.

This downward trend in cryptocurrencies and the token of the Terra network in May LUNA and stablecoin TOPAfter the collapse in , many crypto platforms were negatively affected.

In this context, some crypto platforms have stopped their withdrawals, while others have declared bankruptcy.

Finally, cryptocurrency crowdfunding platform Coinlist also stopped withdrawals.

Chinese journalist Wu Blockchain shared this news.

Stating that some community members could not withdraw money, Wu Blockchain said:

“Some community members reported that Coinlist, the largest cryptocurrency crowdfunding platform, was unable to withdraw cryptocurrencies.

The reason for the withdrawal was stated as the platform going into maintenance, but the maintenance took more than a week.

Coinlist lost $35 million in the 3AC crash.”

Stating that Coinlist’s partners include Anchorage, Bitgo, Gemini Custody and Silvergate Bank, Wu Blockchain stated that DCG Group joined Coinlist’s A series mutual fund in 2018.

Wu also said that it is unclear whether Genesis, which is currently on the verge of bankruptcy, is collaborating with Coinlist.

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