According to Foresight News , trader CBB tweeted, "If users have funds in GAIB, I suggest withdrawing immediately. After in-depth investigation, I still do not know where the funds/collateral went. The website has removed the transparency page link, and 75% of the reserves ($150 million) have no third-party verification. The risk-reward ratio is poor."
GAIB CEO Kony subsequently responded, stating that the team has fulfilled all liquidity commitments. The first round of AID Alpha withdrawals opened on August 25th, with 95% of users choosing to retain their funds. The second round of pre-deposits opened for withdrawals on November 7th, providing over $100 million in liquidity. Withdrawals remained open during the transition from AID Alpha to AID, and AIDa holders who did not migrate could withdraw freely. The transparency page is being redesigned, not due to reserve issues. The liquidity timeline has been publicly disclosed multiple times. Reserve proofs and the AID/USDC exchange will launch on November 21st; the reason for the delay is that they are currently refining their new authentication infrastructure and authentication reports.
