Crypto.com users complain about withdrawal and deposit issues

Several users of popular crypto exchange Crypto.com have recently complained of their inability to withdraw funds from the exchange network. These complaints raised questions about Crypto.com having minor financial stress after losing about $10.5 million in a transaction mistake. 
Over the past hours, many complaints have surfaced concerning deposits and withdrawals at Crypto.com. Several users on Twitter revealed that the exchange is not releasing their withdrawals.
The most recent complaints were noted under Crypto.com’s tweet of the day on the 23rd. Some of the responses were from aggrieved parties.
One of the biggest complainers is a user called TheDreamer, who has been unable to withdraw $400 worth of USDT for over 11 days. The user tweeted:

https://t.co/VkUtqPnALE stole my funds, and they are playing games with me. Every 3 days the turn me to a new agent that will handle my case. But this agent is gonna tell me the same thing until he or she turns me to a different one. Scam!!!
— TheDreamer (@RevolusJean) January 23, 2023

Others questioned why fiat deposits and withdrawals are not available. While many have complained mainly of deposits and withdrawals, some complained of being unable to purchase. 
A crypto enthusiast, @Cryptadamist, highlighted some complaints about withdrawal and deposit problems. Cryptadamist noted that such problems could be an indicator of something terrible impending. This thread also mentioned that scammers are already taking advantage of the situation.

Just a day before most of these complaints surfaced, Parrot Capital issued an alarm concerning Crypto.com. Parrot Capital claimed that Crypto.com’s loss of its payment process without giving any warnings is simply a red flag. The user advised people holding Crypto.com debit cards to immediately cash out via ATMs, noting that the network has been under financial stress recently.

🚨#CRYPTOCOM ALARM🚨#cryptocom losing their payment processor WITHOUT WARNING IS A MAJOR 🚩.If you have one of their debit cards I’d cash out at an ATM immediately.They’ve been under financial stress for a while now, don’t gamble.PULL OUT NOW. 🚩🚩🚩
— Parrot Capital 🦜 (@ParrotCapital) January 22, 2023

Last year, the giant crypto network recorded a loss of $10.5 million sent mistakenly to a Melbourne user. Crypto.com only noticed the mistake months after it happened during a network audit. According to some complainants, the recent withdrawal freezes in some accounts could be because of financial strains brought on by mistake. As such, some users feel that the network is trying to make up for those lost funds.

This is not the best place to buy crypto. They have kept my funds for more than 11 days now. Despite numerous requests, they kept turning me around. I guess they lost 10m in Australia by mistakenly transferring 10m worth crypto on a lady’s account. Making up for losses…
— TheDreamer (@RevolusJean) January 23, 2023

This article has been originally published at: https://crypto.news/crypto-com-users-complain-about-withdrawal-and-deposit-issues/