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Project Overview
WOO X connects traders, exchanges, institutions and DeFi platforms to democratize access to best-in-class liquidity and trade execution at zero or low cost. WOO X was originally incubated by Kronos Research, a large cryptocurrency quantitative trading firm. WOO X aims to reduce market inefficiencies and disrupt the crypto market by solving the main cryptocurrency problem, namely liquidity dispersion. The ultimate goal is to standardise liquidity. WOO X acts as a zero-fee crypto trading platform and also acts as a liquidity aggregator for digital assets. WOOFi supports more than a dozen blockchains, enabling cross-chain swaps and pledges to provide stable returns to WOO token holders. WOOFi Pro complements swap and pledge functions, provides perpetual futures trading, and online 50+ derivatives markets, supporting high leverage and generous share. WOO X also operates its official investment arm, WOO Ventures.
India FIU-IND Issues Non-Compliance Notices to 15 Offshore Crypto Platforms
According to CoinDesk, India's Financial Intelligence Unit (FIU-IND) issued non-compliance notices to 15 small and medium-sized offshore cryptocurrency platforms—including Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT, and Guardarian—pursuant to Section 13 of the Anti-Money Laundering Act, alleging that these platforms violated regulations by serving Indian users without registering with FIU-IND. Since March 2023, India has brought cryptocurrency platforms under an anti-money laundering regulatory framework equivalent to that of traditional banks, mandating that all platforms serving Indian users, regardless of whether they maintain domestic offices, complete registration and fulfill obligations including customer identity verification and suspicious transaction reporting. In light of this enforcement, reports indicate that some Indian users are circumventing regulations by transferring USDT to overseas platforms to purchase gift cards. FIU-IND also cautioned the public that cryptocurrency products and NFTs remain unregulated and carry high risks, and that affected users may not be able to obtain regulatory recourse for any resulting losses.
WOO X responds to withdrawal processing delays: reviewing related cases and system status
WOO X issued a statement addressing recent feedback on withdrawal processing, confirming that it is aware of reports regarding withdrawal processing times and is currently reviewing relevant cases and system status. Some withdrawal requests may still be pending review or undergoing on-chain processing, with the team working to resolve them as quickly as possible. WOO X advises that if withdrawal delays occur, users should submit relevant information—including UID, withdrawal order ID, request timestamp, asset, network, and status screenshots—through official customer support channels. Users are also reminded not to trust unofficial sources and never share passwords, seed phrases, private keys, or verification codes. WOO X further stated that it reserves the right to take legal action against fabricated, distorted, or maliciously circulated false information that damages the reputation of users or the platform, and urges all users to rely solely on official announcements and verified support channels for accurate information.
WOO X responds to withdrawal processing delays: reviewing related cases and system status
WOO X issued a statement addressing recent feedback on withdrawal processing, confirming that it is aware of reports regarding withdrawal processing times and is currently reviewing relevant cases and system status. Some withdrawal requests may still be pending review or undergoing on-chain processing, with the team working to resolve them as quickly as possible. WOO X advises that if withdrawal delays occur, users should submit relevant information—including UID, withdrawal order ID, request timestamp, asset, network, and status screenshots—through official customer support channels. Users are also reminded not to trust unofficial sources and never share passwords, seed phrases, private keys, or verification codes. WOO X further stated that it reserves the right to take legal action against fabricated, distorted, or maliciously circulated false information that damages the reputation of users or the platform, and urges all users to rely solely on official announcements and verified support channels for accurate information.
Multiple users report withdrawal delays on WOO X; platform has not yet responded.
According to on-chain detective ZachXBT, several verified WOO X users recently reported that their withdrawals have remained in a "pending" or "processing" state for the past three days. WOO X, which was incubated by Kronos Research and acquired by FusionX Digital in Q4 2025, is reportedly linked to BitMart founder Sheldon Xia. Previously, BitMart announced on July 26, 2026, its cessation of operations and restructuring; some users' funds remain inaccessible to date, and related complaints have increased on the X platform. While Sheldon Xia has stated that user assets are secure, this claim has yet to be independently verified. As of now, WooX has not issued any public statement regarding the withdrawal delays.
WOO X responds to withdrawal processing delays: reviewing related cases and system status
WOO X issued a statement addressing recent feedback on withdrawal processing, confirming that it is aware of reports regarding withdrawal processing times and is currently reviewing relevant cases and system status. Some withdrawal requests may still be pending review or undergoing on-chain processing, with the team working to resolve them as quickly as possible. WOO X advises that if withdrawal delays occur, users should submit relevant information—including UID, withdrawal order ID, request timestamp, asset, network, and status screenshots—through official customer support channels. Users are also reminded not to trust unofficial sources and never share passwords, seed phrases, private keys, or verification codes. WOO X further stated that it reserves the right to take legal action against fabricated, distorted, or maliciously circulated false information that damages the reputation of users or the platform, and urges all users to rely solely on official announcements and verified support channels for accurate information.
Multiple users report withdrawal delays on WOO X; platform has not yet responded.
According to on-chain detective ZachXBT, several verified WOO X users recently reported that their withdrawals have remained in a "pending" or "processing" state for the past three days. WOO X, which was incubated by Kronos Research and acquired by FusionX Digital in Q4 2025, is reportedly linked to BitMart founder Sheldon Xia. Previously, BitMart announced on July 26, 2026, its cessation of operations and restructuring; some users' funds remain inaccessible to date, and related complaints have increased on the X platform. While Sheldon Xia has stated that user assets are secure, this claim has yet to be independently verified. As of now, WooX has not issued any public statement regarding the withdrawal delays.
Related news
India FIU-IND Issues Non-Compliance Notices to 15 Offshore Crypto Platforms
According to CoinDesk, India's Financial Intelligence Unit (FIU-IND) issued non-compliance notices to 15 small and medium-sized offshore cryptocurrency platforms—including Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT, and Guardarian—pursuant to Section 13 of the Anti-Money Laundering Act, alleging that these platforms violated regulations by serving Indian users without registering with FIU-IND. Since March 2023, India has brought cryptocurrency platforms under an anti-money laundering regulatory framework equivalent to that of traditional banks, mandating that all platforms serving Indian users, regardless of whether they maintain domestic offices, complete registration and fulfill obligations including customer identity verification and suspicious transaction reporting. In light of this enforcement, reports indicate that some Indian users are circumventing regulations by transferring USDT to overseas platforms to purchase gift cards. FIU-IND also cautioned the public that cryptocurrency products and NFTs remain unregulated and carry high risks, and that affected users may not be able to obtain regulatory recourse for any resulting losses.
WOO X responds to withdrawal processing delays: reviewing related cases and system status
WOO X issued a statement addressing recent feedback on withdrawal processing, confirming that it is aware of reports regarding withdrawal processing times and is currently reviewing relevant cases and system status. Some withdrawal requests may still be pending review or undergoing on-chain processing, with the team working to resolve them as quickly as possible. WOO X advises that if withdrawal delays occur, users should submit relevant information—including UID, withdrawal order ID, request timestamp, asset, network, and status screenshots—through official customer support channels. Users are also reminded not to trust unofficial sources and never share passwords, seed phrases, private keys, or verification codes. WOO X further stated that it reserves the right to take legal action against fabricated, distorted, or maliciously circulated false information that damages the reputation of users or the platform, and urges all users to rely solely on official announcements and verified support channels for accurate information.
Multiple users report withdrawal delays on WOO X; platform has not yet responded.
According to on-chain detective ZachXBT, several verified WOO X users recently reported that their withdrawals have remained in a "pending" or "processing" state for the past three days. WOO X, which was incubated by Kronos Research and acquired by FusionX Digital in Q4 2025, is reportedly linked to BitMart founder Sheldon Xia. Previously, BitMart announced on July 26, 2026, its cessation of operations and restructuring; some users' funds remain inaccessible to date, and related complaints have increased on the X platform. While Sheldon Xia has stated that user assets are secure, this claim has yet to be independently verified. As of now, WooX has not issued any public statement regarding the withdrawal delays.