My guess is that cold wallets are not being used to replenish funds. Once the funds in the hot wallets are depleted withdrawals have to wait until there are more coins available from trades or deposits.
The reason funds are not being replenished from cold wallets could have something to due with them being considered assets in the divorce. The company was most likely not set up to correctly to protect those funds from such things.
Ummm... trading doesn't do anything to the amount of coin in their wallets... only deposits and withdrawals...
But it's the balance. I'd think cash flow can be very complicated at an exchange, especially when reserves are frozen.
I'm not defending these clowns. It's a tragic comedy and the antics of the last few months deserve severe repercussions, but look at what we have here.
It began with the spike in BTC. BTC was being pulled out of orders and withdrawn. There was one big one, like 70 or 80 BTC that was pretty well known, and lots of smaller ones that were "delayed", but smaller ones processed. Then as people started withdrawing major alts and go figure, withdrawals of major coins started to slow.
There has never been a problem with DGC withdrawals and the price of DGC has gotten to almost double the price at BTC38 and Bittrex because it's easy to withdraw and lots of folks have been willing to take the loss and get whatever they can out of the exchange.
Point is, the divorce filing proves there are funds in reserve.
The way this is being handled is a joke, and should be a lesson/reminder to all of us, but I wish Paul Vernon would just put out some information and let people know what's going on. Then maybe jump off a cliff or something.
TT
