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The red flags began with Texas License not being renewed if my memory serves. That’s when Strike said they were unaffected due to their separate Texas license.

Fold was ahead of the game with the fall out as well. They have migrated to fortress already. I’m assuming that means the funds are at Fortress now and buying will be enabled again in July per their announcement.

Derek Ross 2y ago

the Fold announcement today that they're going back to weekly withdrawals is sus though.

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Discussion

The Daniel 🖖 2y ago

I guess they posted that on Twiddler because they’re not here yet for some reason. They keep saying they’ll have Lightning withdrawals real soon now™ and then it never happens.

Steven Day 2y ago

Moving custodians might be a multi-tiered process as I saw with Swan. Doing weekly withdrawals might be a broad brush approach to having runway to provide the actual sats.

All the regulatory mess is too much for my brain so who knows.

I just know that Swan took 3 weeks to finally get my account over to fortress and I was finally able to pull my sats out (I have a modest threshold before moving on chain so I was prepared to get rugged for no more than a million sats)