PANews reported on November 17 that trader CBB posted on X that after investigation, he still "does not know the actual flow of GAIB's funds or collateral," and pointed out that GAIB's official website has removed the link to the transparency page, and that 75% (approximately $150 million) of its reserve assets lack third-party verification. In response, GAIB CEO Kony stated that the allegations were "inaccurate and caused panic," and provided several clarifications: Withdrawals to stablecoins are being processed normally every day, and all previous withdrawal commitments have been fulfilled on time. During the AID Alpha → AID migration period, holders of AIDa who have not migrated can freely withdraw their funds. The transparency page is being rebuilt for the mainnet AID and was not taken down due to storage issues; All AID/sAID users have received advance notice, including withdrawal times, capital transition arrangements, and the launch date of the transparency module. The full proof of reserves and the AID→USDC redemption mechanism will be launched on November 21. Kony also implied that CBB has close ties with its competitors, and that the accusations were "more like a strategic attack."PANews reported on November 17 that trader CBB posted on X that after investigation, he still "does not know the actual flow of GAIB's funds or collateral," and pointed out that GAIB's official website has removed the link to the transparency page, and that 75% (approximately $150 million) of its reserve assets lack third-party verification. In response, GAIB CEO Kony stated that the allegations were "inaccurate and caused panic," and provided several clarifications: Withdrawals to stablecoins are being processed normally every day, and all previous withdrawal commitments have been fulfilled on time. During the AID Alpha → AID migration period, holders of AIDa who have not migrated can freely withdraw their funds. The transparency page is being rebuilt for the mainnet AID and was not taken down due to storage issues; All AID/sAID users have received advance notice, including withdrawal times, capital transition arrangements, and the launch date of the transparency module. The full proof of reserves and the AID→USDC redemption mechanism will be launched on November 21. Kony also implied that CBB has close ties with its competitors, and that the accusations were "more like a strategic attack."

Renowned trader CBB again questions GAIB's transparency; the CEO publicly responds, stating that withdrawals are normal and the transparency page is being rebuilt.

2025/11/17 11:04

PANews reported on November 17 that trader CBB posted on X that after investigation, he still "does not know the actual flow of GAIB's funds or collateral," and pointed out that GAIB's official website has removed the link to the transparency page, and that 75% (approximately $150 million) of its reserve assets lack third-party verification.

In response, GAIB CEO Kony stated that the allegations were "inaccurate and caused panic," and provided several clarifications:

  • Withdrawals to stablecoins are being processed normally every day, and all previous withdrawal commitments have been fulfilled on time.

  • During the AID Alpha → AID migration period, holders of AIDa who have not migrated can freely withdraw their funds.

  • The transparency page is being rebuilt for the mainnet AID and was not taken down due to storage issues;

  • All AID/sAID users have received advance notice, including withdrawal times, capital transition arrangements, and the launch date of the transparency module.

  • The full proof of reserves and the AID→USDC redemption mechanism will be launched on November 21.

Kony also implied that CBB has close ties with its competitors, and that the accusations were "more like a strategic attack."

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

3 Paradoxes of Altcoin Season in September

3 Paradoxes of Altcoin Season in September

The post 3 Paradoxes of Altcoin Season in September appeared on BitcoinEthereumNews.com. Analyses and data indicate that the crypto market is experiencing its most active altcoin season since early 2025, with many altcoins outperforming Bitcoin. However, behind this excitement lies a paradox. Most retail investors remain uneasy as their portfolios show little to no profit. This article outlines the main reasons behind this situation. Altcoin Market Cap Rises but Dominance Shrinks Sponsored TradingView data shows that the TOTAL3 market cap (excluding BTC and ETH) reached a new high of over $1.1 trillion in September. Yet the share of OTHERS (excluding the top 10) has declined since 2022, now standing at just 8%. OTHERS Dominance And TOTAL3 Capitalization. Source: TradingView. In past cycles, such as 2017 and 2021, TOTAL3 and OTHERS.D rose together. That trend reflected capital flowing not only into large-cap altcoins but also into mid-cap and low-cap ones. The current divergence shows that capital is concentrated in stablecoins and a handful of top-10 altcoins such as SOL, XRP, BNB, DOG, HYPE, and LINK. Smaller altcoins receive far less liquidity, making it hard for their prices to return to levels where investors previously bought. This creates a situation where only a few win while most face losses. Retail investors also tend to diversify across many coins instead of adding size to top altcoins. That explains why many portfolios remain stagnant despite a broader market rally. Sponsored “Position sizing is everything. Many people hold 25–30 tokens at once. A 100x on a token that makes up only 1% of your portfolio won’t meaningfully change your life. It’s better to make a few high-conviction bets than to overdiversify,” analyst The DeFi Investor said. Altcoin Index Surges but Investor Sentiment Remains Cautious The Altcoin Season Index from Blockchain Center now stands at 80 points. This indicates that over 80% of the top 50 altcoins outperformed…
Paylaş
BitcoinEthereumNews2025/09/18 01:43