Withdrawal Services Resume with a Cautious, Phased Approach
Websea has officially reactivated cryptocurrency withdrawal functionality for its users, effective 16:00 UTC+8 on May 18. The restoration is not a full, immediate reopening. Instead, the platform has adopted a measured, multi-phase strategy, processing withdrawals in scheduled "tiers" and "rounds" to manage liquidity and ensure system stability.
Basis for the Initial Withdrawal Limits
The announcement details the benchmark for calculating users' initial withdrawal quotas. The primary reference will be a snapshot of all USDT assets held in user accounts as of 00:00 UTC+8 on April 25, 2026. This comprehensive snapshot includes USDT balances across multiple account types:
- Spot trading wallets
- Futures/contract accounts (including margin and P&L)
- Assets allocated to copy trading services
- Funds within insurance and wealth management products
A user's total USDT value at that historical snapshot will determine the maximum amount available for withdrawal in the first processing round.
Capital Infusion and Enhanced Transparency Measures
Alongside the withdrawal resumption, the platform confirmed it has completed a fresh capital injection from investors. Concurrently, Websea has initiated a formal Proof of Reserves (PoR) process. This move is a standard industry practice aimed at verifying that the platform holds sufficient assets to cover user liabilities, thereby boosting financial transparency and user confidence.
While the return of withdrawal capabilities is a positive development for the user community, the actual processing of funds will adhere strictly to the announced phased schedule. Users are advised to monitor official channels for updates regarding subsequent withdrawal rounds and their personalized quota details.