A Bitcoin exchange linked to 3AC, which went bankrupt last July, has decided to cease operations. The critical announcement means an FTX-like event.
Surviving Bitcoin exchanges are also in trouble
Coinlist, one of the largest ICO investment platforms, announced that it has suspended withdrawals, stating that customers’ funds are safe. Coinlist was among the companies that suffered from the collapse of the Three Arrows Capital (3AC) fund earlier this year. He lost $35 million from the collapse of the hedge fund.
Wu Blockchain, a blockchain research, reported that some users were unable to transact on Coinlist:
Some community members reported that Coinlist, the largest cryptocurrency crowdfunding platform, was unable to withdraw funds. The official reason was that the custody partner went into care, but it took more than a week. Coinlist lost $35M in 3AC crash
Some community members reported that Coinlist, the largest cryptocurrency crowdfunding platform, was unable to withdraw coins. The official reason is that the custody partner is undergoing maintenance, but it has lasted for more than a week. Coinlist incurs $35M loss in 3AC crash
— Wu Blockchain (@WuBlockchain) November 24, 2022
Coinlist has not commented on the allegations so far. As Kriptokoin.com, we will be transferring the details.
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