CoinList Halts Withdrawals, Cites Custody Partner Issues | news

Cryptocurrency crowdfunding platform CoinList can’t fully resume withdrawals for its clients for a week now, citing maintenance at custody partner.

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The company wrote in a tweet that the update on the custody partner’s side is taking “longer than expected.”

It is unclear for how long this process will last, but CoinList noted that during this time period deposits and withdrawals for FLOW, MINA and CFG will be unavailable.

“Rest assured your funds are safe,” the firm added.

CoinList’s custody partners include Anchorage, BitGo, Gemini Custody and Silvergate Bank, but it’s unclear which counter-party is undergoing the maintenance. According to reports, CoinList suffered a $35 million loss in the Three Arrow Capital crash.

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