Breaking: Coinlist Reportedly Unable To Withdraw coins; Here’s Why

Read full article at Coingape.

The top cryptocurrency crowdfunding platform, Coinlist, is unable to withdraw its coins. Recently as per the WuBlockchain tweet some of the Conlist community members reported that the cryptocurrency crowdfunding platform, Coinlist is unable to withdraw its coins.

As per the platform, the official reason is that the custody partner is undergoing maintenance, but it has lasted for more than a week. Notably, Coinlist suffers a $35 million loss as a result of the 3AC crash. In a tweeter thread last week on November 15, Coinlist unveils its position last week to its users and said that the last week has been a nightmare for cryptocurrency.

The top crowdfunding crypto platform also assured its users that their assets are absolutely secure. In addition to this the crowdfunding platform also cleared that in relation to FTX, FTT, Alameda, or any of its affiliates, CoinList has no material exposure. As per the tweet the platform never uses a user’s money without that user’s express permission.

Notably, Anchorage, Bitgo, Gemini Custody, and Silvergate Bank are Coinlist Custody Partners. DCG participated in Coinlist’s A round investment in 2018. It is unclear whether Genesis, which is currently bankrupt, collaborated with Coinlist.



The post Breaking: Coinlist Reportedly Unable To Withdraw coins; Here’s Why appeared first on CoinGape.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency