Crypto News Denies Rumors of Withdrawal Issues After Unrelated Multichain Crisis

crypto exchange said May 31 Contrary to rumors circulating in the community, its operation has not been affected by other incidents. reports zero issues said its withdrawal is working and operations are healthy. It added that “there is no problem with our operations or evacuations as rumoured.”

There was speculation on 24 May on social media. At that time, Arkham Intelligence said that Members of a separate blockchain project, Multichain, transferred $3 million of MULTI tokens to Arkham also described a number of other transactions originating from, some of which concerned MultiChain-related tokens that were later put on hold for deposit on major exchange Binance.

Although Arkham did not explicitly suggest that itself was at risk, market activity and other events fueled the rumours. Recommended on Consumption, a Twitter account with nearly 31,000 followers May 31 He said was “suffering from bankruptcy” and advised users to withdraw their funds from the exchange.

Multichain, which is not related to, is experiencing issues. Project team members said today that they have been unable to contact their CEO or access the project servers. Multichain has experienced transaction delays over the past several days.

Current market status of’s token (GT) has apparently been affected by the rumours, as the asset lost 6.59% in value in 24 hours. In contrast, bitcoin is down only 1.4%.

Most of’s current losses can be seen in a period of several hours when its price dropped from $4.92 to $4.49. In isolation, this change represents an 8.7% loss, although this has been offset by a partial recovery and other volatility.’s exchange saw trading volume of around $525 million today, ranking it among the largest centralized exchanges with sub-billion daily trading volume. is one of several crypto exchanges looking to partner with Coinex, OKEx, Huobi and BitMEX under the upcoming Hong Kong regulations.


Related Articles

Back to top button