Websea officially opens withdrawals, and the platform enters a full recovery phase

According to the official announcement, Websea officially opened withdrawals on May 18 at 16:00 (UTC+8), marking the platform's entry into a substantial and comprehensive recovery phase. The resumption of withdrawals is being carried out in an orderly manner with the support of strategic investors. According to previous news, the platform has reached a strategic cooperation intention with a Middle Eastern family fund to fully support the platform's long-term operation and development.

At the same time, the platform will advance the Proof of Reserves (PoR) process construction and plans to conduct regular disclosures, enhancing the transparency and verifiability of the platform's assets through a combination of on-chain verification and third-party audits. The platform has also publicly disclosed reserve funds and hot wallet addresses for user inquiry and supervision.

Websea CMO Herbert R. Sim stated that the opening of withdrawals is an important milestone in the full restoration of operational order. In the future, the platform will promote withdrawals to be fully and completely open based on business recovery and market conditions, and will continue to improve the risk control and asset protection system, pushing the platform into a more robust development phase.