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WOO X Users Report Withdrawal Delays Amid Concerns Over Exchange Stability
WOO X, a cryptocurrency trading platform recently acquired by FusionX Digital, is facing significant user complaints regarding withdrawal delays. Multiple users have reported that their withdrawals have been stuck for several days, with some transactions remaining in 'pending' or 'processing' status for over three days. On-chain investigator ZachXBT highlighted these issues on September 6, drawing attention to the growing frustration among verified users of the platform.
The situation is particularly concerning given FusionX Digital's connection to Sheldon Xia, the founder of BitMart, which announced its cessation of operations and restructuring in July. This prior incident left BitMart users unable to access their funds, raising alarms about the reliability of another platform under the same ownership. Users are now expressing fears that WOO X may be experiencing similar operational difficulties.
In response to the complaints, WOO X acknowledged the situation on September 6, stating that it is investigating individual cases and evaluating its systems. The exchange attributed some of the delays to manual review processes and ongoing blockchain processing. However, no specific timeline for resolution has been provided, nor have there been assurances regarding the security of user funds. WOO X has encouraged affected users to contact official support channels with their transaction details.
Source: KLEA News