WOO X Withdrawal Delays Raise Concerns Over Ties to Controversial Exchanges

Users of WOO X, a cryptocurrency exchange, have been experiencing withdrawal delays of up to three days. According to blockchain investigator ZachXBT, some verified users reported their requests had remained in 'pending' or 'processing' status for the past three days.

ZachXBT pointed out that WOO X was incubated by Kronos Research and acquired by FusionX Digital in Q4 2025. He noted that FusionX Digital has ties to Sheldon Xia, the founder of BitMart, which ceased operations and underwent restructuring on July 26, 2026.

WOO X confirmed it is reviewing individual cases and the system status. The exchange said some requests may be under review or in on-chain processing, with teams working to resolve the issue.