Blockchain investigator ZachXBT said multiple verified WOO X users reported withdrawals stuck in pending or processing for days. WOO X said it is reviewing delays and revised earlier legal-threat language. Ownership ties to FusionX and BitMart’s founder were questioned.
Blockchain investigator ZachXBT said multiple verified WOO X users have reported withdrawals remaining stuck in pending or processing status over the past three days, with some claiming delays of several days. That is Wu Blockchain.
WOO X had not issued a public statement addressing the complaints at the time of his post, Wu writes.
WOO X was acquired in late 2025 by FusionX Digital, a firm ZachXBT said has alleged ties to BitMart founder Sheldon Xia. BitMart separately began an orderly wind-down of its trading platform in July and is exploring a potential restructuring and business resumption plan, per Wu.
WOO X said it is reviewing reports of withdrawal delays, with some requests still under review or on-chain processing. The exchange deleted an earlier statement that reserved the right to take legal action over allegedly false information and replaced it with a revised notice. ZachXBT questioned why the language was removed, why some withdrawals remained unprocessed for days, and the exchange’s current ownership structure.
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Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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