GAIB CEO: Withdrawals are open as normal, proof of reserves and AID/USDC exchange will go live on November 21
Foresight News reported that trader CBB tweeted, "If you have funds in GAIB, it is recommended to withdraw them immediately. After my in-depth investigation, I still do not know the whereabouts of the funds/collateral. The website has removed the transparency page link, and 75% of the reserves (150 millions USD) have no third-party verification. The risk-reward ratio is poor."
GAIB CEO Kony later responded that the team has fulfilled all liquidity commitments. The first round of AID Alpha withdrawals will open on August 25, with 95% of users choosing to stay; the second round of pre-deposits will open for withdrawals on November 7, providing over 100 millions USD in liquidity; during the transition from AID Alpha to AID, withdrawals remain open, and AIDa holders who have not migrated can freely withdraw; the transparency page is being redesigned, not due to reserve issues; the liquidity schedule has been disclosed multiple times. Proof of reserves and AID/USDC redemption will go live on November 21, and the reason for the delay is that the new authentication infrastructure and certification report are being improved.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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