GAIB Faces Scrutiny Over Transparency and Reserve Claims

2025-11-17 11:00

Prominent trader CBB has raised concerns about GAIB's transparency, questioning the whereabouts of funds and collateral after an investigation. CBB highlighted the removal of transparency links from GAIB's website and noted that 75% of GAIB's reserves, amounting to $150 million, lack third-party verification. In response, GAIB CEO Kony assured that stablecoin withdrawals are proceeding smoothly on a daily basis. Kony also mentioned that the transparency page is being redesigned and confirmed that all AID and sAID users have received clear disclosures regarding withdrawals, capital conversion, and transparency modules.

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