After a blogger tweeted that users reported being unable to withdraw funds for over a week, CoinList, a cryptocurrency exchange and Initial Coin Offering (ICO) platform, took to Twitter to address “FUD” This came after the blogger tweeted that the situation had sparked fears that the company was having liquidity issues or was insolvent.
A blogger who focuses on cryptocurrency named Colin Wu tweeted earlier to his audience of 245,000 people that “some community members” who use CoinList have been unable to withdraw for more than a week because of maintenance.
It is likely that the fact that CoinList has a creditor claim for $35 million with the defunct cryptocurrency hedge fund Three Arrows Capital, which Wu referred to in his tweet as a “loss,” sparked concerns that the company was either insolvent or illiquid.
In an effort to allay the concerns that have led to bank runs on other platforms, CoinList has explained that it is in the…
