Blockchain detective ZachXBT revealed that multiple verified users of WOO X have faced withdrawal delays for three days, with requests stuck on 'pending' or 'processing'. WOO X, incubated by Kronos Research and acquired by FusionX Digital in Q4 2025, is linked to BitMart founder Sheldon Xia. BitMart ceased operations in July 2026, leaving some users unable to withdraw funds, sparking complaints on X. WOO X has not yet commented on the delays.
On September 6, blockchain sleuth ZachXBT said several verified users of cryptocurrency exchange WOO X have run into withdrawal delays for the past three days. Their requests, he said, have kept showing up as 'pending' or 'processing'. WOO X was incubated by trading firm Kronos Research and was acquired by FusionX Digital in the fourth quarter of 2025. FusionX Digital is reportedly affiliated with BitMart founder Sheldon Xia.
BitMart announced its shutdown and restructuring on July 26, 2026. Since then, some users have been unable to retrieve their funds. That has fueled a spike in complaints on X. Xia has said before that user assets are safe, but that claim still has not been verified. And so far, WOO X has not made any public statement about the withdrawal delays.
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