News

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.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.