CoinList: Delays in Deposits and Withdrawals Are Technical Issues, Not Insolvent

CoinList tweeted in response to the withdrawal difficulties or delays, CoinList is not insolvent, illiquid, or near bankruptcy. It is experiencing technical issues that are affecting deposits and withdrawals. CoinList is upgrading its internal ledger systems and is migrating wallet addresses involving multiple custodians. Custodian issues mean some tokens are taking longer than anticipated to migrate ($ROSE, $CFG, $FLOW, $MINA). Meanwhile, CoinList said Proof of Reserves is on its roadmap.

Previously, some users said that they failed to withdraw normally on CoinList. Community messages indicate that several tokens are no longer available for withdrawals, but some tokens are still available for small withdrawals.