Coinlist, the largest cryptocurrency crowdfunding platform, does not process withdrawal requests. This was reported on Twitter by analyst Colin Wu with reference to numerous user complaints.
The official reason for the inability to withdraw funds is that the exchange conducts maintenance, which lasts more than a week. On November 23, the Coinlist support service assured users that their funds are safe, but maintenance takes longer than planned. During this period, the withdrawal of FLOW, MINA and CFG tokens is not possible.
The platform for supporting crypto startups Coinlist was launched in 2020, the number of users exceeds 10 million. The projects of the Coinlist Seed program are the Acala DeFi platform, the Biconomy protocol and the Parsiq blockchain monitoring platform. In December, the co-founder of the platform, Brian Tubergen, entered the Forbes “30 Under 30” list among the 15 leaders of the crypto industry.
Coinlist previously suffered significant losses of $ 35 million as a result of the bankruptcy of the hedge fund Three Arrows Capital. The total amount of TAC’s debt to 27 companies that invested in it amounted to $ 3.5 billion.