WooX Scrambles to Address Withdrawal Delays Amid Overlapping Leadership Concerns

Crypto exchange WooX is facing scrutiny after on-chain investigator ZachXBT amplified user complaints about stuck withdrawals. Multiple identity-verified users reported pending withdrawals, cancelled transactions, and transfers to self-custody wallets that never completed.

The issue has drawn parallels with BitMart, an exchange tied to the same ownership group as WooX, which halted operations in July and left over 100,000 users locked out of their funds. Traders point to overlapping leadership between the two exchanges as a major concern.

WooX responded by reviewing withdrawal processing reports and checking individual cases against its system status. However, the exchange has not disclosed the extent of the delays or how many withdrawals are affected.