Coinlist Reportedly Unable To Withdraw Coins

Recently, some of the Coinlist community members reported that the cryptocurrency crowdfunding platform was unable to withdraw coins.

The platform states that the custody partner is undergoing maintenance as the official explanation, although the issue has been present for more than a week. Notably, the 3AC meltdown costs the leading crowdfunding site $35 million in losses.

The platform revealed its position to its followers last week in a Twitter thread on November 15, saying that the previous week had been a nightmare for cryptocurrencies.

The crowdfunding portal also confirmed that it has no material exposure to FTX, FTT, Alameda, or any of its affiliates. The platform never spends a user’s money without that user’s full consent, according to the tweet.

Notably, Silvergate Bank, Anchorage, Bitgo, and Gemini Custody are Coinlist Custody Partners. 2018 saw DCG take part in Coinlist’s A round of funding. Whether Genesis, which is currently bankrupt, worked with the crowdfunding platform is unknown.

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