WOO X Withdrawal Delays Spark Concerns as Ownership Changes Come Under Scrutiny

ZachXBT, a well-known crypto investigator, raised concerns about WOO X's withdrawal processing times after several users reported delays of up to three days.

The exchange responded promptly, stating that they were reviewing individual cases and the system in general. They advised affected users to contact their customer service platform for assistance.

This incident has brought into focus the recent ownership changes at WOO X. The exchange is now under the operation of FusionX Digital, with BitMart's founder Sheldon Xia joining its Global Strategy Committee.