ICO platform and cryptocurrency alternate CoinList took to Twitter to dispel FUD on deposit and withdrawal freezes. In keeping with CoinList, “that is purely a glitch, not a liquidity disaster.”
Colin Wu, a cryptocurrency journalist, reported that Coinlist, the biggest crypto crowdfunding platform, was unable to withdraw cash. The explanation given was that the custodial companion is “in upkeep, however it has lasted for greater than every week”. The 3AC accident price CoinList $35 million.
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The platform clarified that they aren’t in a state of affairs of insolvency, lack of liquidity or on the verge of chapter. They’re upgrading their inner accounting programs and migrating pockets addresses involving a number of custodians.
“As with all nice firm, there are bumps within the street. Custody points imply some tokens are taking longer than anticipated emigrate (ROSE, CFG, FLOW, MINA).”