Websea users report withdrawals suspended again since Sept. 25

  • Websea users reported suspended or undelivered withdrawals from Sept. 25.
  • September 15 reserves showed ratios of 117% USDT, 105% BTC and 118% ETH.
  • Websea had announced normal withdrawals after removing staged limits on Aug. 28.

Websea users have again reported suspended or undelivered withdrawals since Sept. 25. An official community MOD said the service was undergoing maintenance for technical reasons and that an announcement would follow once it resumed. Users were still reporting withdrawal problems on Sept. 29, with no formal public explanation from Websea visible at that point. The platform had restricted withdrawals in April this year during asset verification and other issues, then announced on Aug. 28 that withdrawals had returned to normal after limits by rounds were removed. Websea's Sept. 15 proof of reserves showed reserve ratios of 117% for USDT, 105% for BTC and 118% for ETH. Lower balances at some previously disclosed wallet addresses do not establish the condition of Websea's overall reserves because the holdings span many addresses, multiple blockchains and third-party custodians.

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