CoinList addresses withdrawal 'FUD', cites technical issues for delays

[PatrickJackson]

Colin Wu, a writer specializing in cryptocurrencies, tweeted that customers of CoinList had been unable to withdraw cash for more than a week because of maintenance. CoinList has a creditor claim with the defunct cryptocurrency hedge fund Three Arrows Capital for the amount of $35 million. In a tweet, CoinList CEO Bobby Wu referred to this claim as a "loss," which likely gave rise to suspicions that the firm was either insolvent or illiquid. According to the firm, both deposits and withdrawals are now experiencing "technical problems."