ME News reports that on April 27 (UTC+8), multiple users on X reported that Websea, the crypto exchange previously featured at the Hong Kong Web3 Conference with a promotional appearance by Takizawa Lara, is now unable to process withdrawals and has shut down its C2C channels, raising suspicions of a rug pull. Users noted that the platform initially restricted withdrawals before completely disabling C2C services; on secondary markets, USDT prices have been panic-sold to half their value. No official statement has been issued yet, and the situation remains ongoing. (Source: ChainCatcher)
Websea Exchange Suspected of Fleeing, Withdrawal Channels Closed
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Summary
Cryptocurrency exchange flows show signs of instability as Websea reportedly halts withdrawals and shuts down its C2C channel. Users claim the platform first restricted withdrawals before fully closing the channel, triggering panic selling in the secondary market. U prices fell to half their value. No official statement has been issued. Altcoins to watch may be impacted as the situation develops. (Source: ChainCatcher)
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