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PANews reported on November 17 that trader CBB posted on X that after investigation, he still "does not know the actual flow of GAIB's funds or collateral," and pointed out that GAIB's official website has removed the link to the transparency page, and that 75% (approximately $150 million) of its reserve assets lack third-party verification. In response, GAIB CEO Kony stated that the allegations were "inaccurate and caused panic," and provided several clarifications: Withdrawals to stablecoins are being processed normally every day, and all previous withdrawal commitments have been fulfilled on time. During the AID Alpha → AID migration period, holders of AIDa who have not migrated can freely withdraw their funds. The transparency page is being rebuilt for the mainnet AID and was not taken down due to storage issues; All AID/sAID users have received advance notice, including withdrawal times, capital transition arrangements, and the launch date of the transparency module. The full proof of reserves and the AID→USDC redemption mechanism will be launched on November 21. Kony also implied that CBB has close ties with its competitors, and that the accusations were "more like a strategic attack."PANews reported on November 17 that trader CBB posted on X that after investigation, he still "does not know the actual flow of GAIB's funds or collateral," and pointed out that GAIB's official website has removed the link to the transparency page, and that 75% (approximately $150 million) of its reserve assets lack third-party verification. In response, GAIB CEO Kony stated that the allegations were "inaccurate and caused panic," and provided several clarifications: Withdrawals to stablecoins are being processed normally every day, and all previous withdrawal commitments have been fulfilled on time. During the AID Alpha → AID migration period, holders of AIDa who have not migrated can freely withdraw their funds. The transparency page is being rebuilt for the mainnet AID and was not taken down due to storage issues; All AID/sAID users have received advance notice, including withdrawal times, capital transition arrangements, and the launch date of the transparency module. The full proof of reserves and the AID→USDC redemption mechanism will be launched on November 21. Kony also implied that CBB has close ties with its competitors, and that the accusations were "more like a strategic attack."

Renowned trader CBB again questions GAIB's transparency; the CEO publicly responds, stating that withdrawals are normal and the transparency page is being rebuilt.

2025/11/17 11:04

In response, GAIB CEO Kony stated that the allegations were "inaccurate and caused panic," and provided several clarifications:

Withdrawals to stablecoins are being processed normally every day, and all previous withdrawal commitments have been fulfilled on time.
During the AID Alpha → AID migration period, holders of AIDa who have not migrated can freely withdraw their funds.
The transparency page is being rebuilt for the mainnet AID and was not taken down due to storage issues;
All AID/sAID users have received advance notice, including withdrawal times, capital transition arrangements, and the launch date of the transparency module.
The full proof of reserves and the AID→USDC redemption mechanism will be launched on November 21.

Kony also implied that CBB has close ties with its competitors, and that the accusations were "more like a strategic attack."

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