WuBlockchain
Multiple verified WOO X users have reported withdrawals remaining in pending or processing status over the past three days, with some claiming delays of several days, blockchain investigator ZachXBT said. WOO X said it is reviewing the reports, with some requests still under review or in on-chain processing.
Why it matters
Withdrawal delays are a direct exchange-risk signal because they can limit users' ability to move funds. The issue also puts WOO X's ownership structure under scrutiny. WOO X was acquired in late 2025 by FusionX Digital, a firm ZachXBT said has alleged ties to BitMart founder Sheldon Xia.
BitMart separately began an orderly wind-down of its trading platform in July and is exploring a potential restructuring and business resumption plan.
Market impact
The key market test is whether pending withdrawals clear and whether WOO X provides a fuller explanation. The exchange deleted an earlier notice reserving the right to take legal action over allegedly false information and replaced it with a revised notice. ZachXBT questioned the change, the delays and the exchange's current ownership.
Frequently asked questions
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What did WOO X say about the delayed withdrawals?
WOO X said it is reviewing the reports, with some requests still under review or in on-chain processing.
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Who reported the WOO X withdrawal complaints?
Blockchain investigator ZachXBT said multiple verified WOO X users reported withdrawals stuck in pending or processing status, with some claiming delays of several days.
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Why is WOO X's ownership structure under scrutiny?
WOO X was acquired in late 2025 by FusionX Digital, a firm ZachXBT said has alleged ties to BitMart founder Sheldon Xia.
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What is BitMart doing as the WOO X questions develop?
BitMart began an orderly wind-down of its trading platform in July and is exploring a potential restructuring and business resumption plan.
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What changed in WOO X's public notice?
WOO X deleted an earlier statement reserving the right to take legal action over allegedly false information and replaced it with a revised notice.
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