Websea Crypto Exchange Faces Suspected Exit Scam, Withdrawal Channels Closed

Gate News message, April 27 — Crypto trading platform Websea has suspended withdrawals and closed its C2C (peer-to-peer) channels, with multiple users reporting the exchange appears to have conducted an exit scam. The platform initially restricted withdrawals before completely shutting down the C2C channel, causing panic selling of the platform's native token to approximately 50% of its previous value.

Websea previously gained attention by hosting celebrity Rola (泷泽萝拉) as a speaker at the Hong Kong Web3 Conference. Users reported that the platform's withdrawal restrictions escalated into a full closure of trading and withdrawal services.

As of now, Websea has not issued an official statement addressing the situation. The incident remains ongoing, with no clarity on whether the exchange intends to resume operations or provide customer support.