Exchange Fails to Process $25,000 in Withdrawals, Global CEO Claims Lack of Knowledge

A financial exchange has been accused of failing to process over $25,000 in withdrawals within the past 24 hours. According to data from Onchain Lens monitoring, this amount exceeds tokens, stablecoins, and Bitcoin withdrawals. Notably, no large withdrawals were found among retail users, market makers, or project teams.

The global CEO of the exchange has stated that he was unaware of the decision to close withdrawals and claims not to have been consulted about it. He only learned about it after the decision was made public.