Websea has resumed withdrawals as of 16:00 (UTC+8) on May 18, marking a significant step in its recovery process. This development follows a strategic cooperation agreement with a Middle Eastern family fund aimed at supporting the platform's long-term operations. The resumption is backed by strategic investors, indicating a move towards full operational restoration. The platform is also advancing its Proof of Reserves (PoR) process, committing to regular disclosures to enhance transparency. Websea has made its reserve and hot wallet addresses publicly available for user verification. CMO Herbert R. Sim emphasized that the withdrawal resumption is a crucial milestone, with plans to expand access as business conditions improve, while enhancing risk control and asset protection systems.
Websea Resumes Withdrawals, Signals Full Recovery Phase
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