Ok well Coinbase is being very clear in saying that our funds will be available if and when the project team re enables the contract. So who is telling the truth? You are clearly blaming the exchange for this issue and the exchange is blaming you, and there’s a whole lot of people stuck with no access to their funds caught in the middle.
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I have asked @indra for a response, these are things he will have the latest information about, give him time to answer. really the exchange should of just done the swap when it was started and non of these problems would of happen.
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In addition to providing a clear answer to my question about unpausing the smart contract to allow Coinbase users to move their tokens off the exchange, it would also help greatly if someone from the project team could make an official post on this on social media. In one breath you are saying the team is working with the exchange to find a solution, but then you are saying at this point it is up to Coinbase. Meanwhile Coinbases position has not changed, they are clearly directing token holders to Pundi AI for answers. We deserve them.
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pointless giving answers when none are good enough, the project can only give the exchange ways to resolve the situation. it’s still up to the exchange to act on the instruction. why would pundi want to upset it’s people.
Trust me your answers will be good enough once action is taken. But blaming Coinbase isn’t good enough because Coinbase is clearly blaming you while nothing is getting done.
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well i’m not the project, and my answers are only as much as i understand the situation, But if you want to blame someone blame the dam hacker that messed things up, security is number 1 or everyone looses, again the project is about making sure you get your funds due, there is no advantage for them for any less a result, and again if the exchange had done the swap in a timely fashion we wouldn’t be in the situation.
“Failures in transfers may stem from the project teams decision to disable the smart contract which also led to its delisting”. So I ask again, when will the smart contract be enabled so holders can transfer their funds out of Coinbase?
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again I asked for a response, they will give it when they have one for you
Hi,
We have proposed solutions to Coinbase to solve this issue. This solution has been sent to them prior to their first announcement regarding trading pause.
We are still waiting for Coinbase for the final decision. We cant do anything on our end before receive any confirmation from Coinbase, because it is the users data on their platform.
I hope you understand, we also want this case to be solved asap.
Thanks.
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Indra,
Why is the smart contract still disabled?
This is what is preventing us Fx holders on Coinbase to withdraw our Fx tokens.
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the answer is in the response above your question, please try to understand it.
No there is no information in that response that answers my question.
I have been in contact with the upper management of Coinbase and they repeatedly tell me that they have no plans to change their stance on Fx and they advise me to move my tokens off the exchange. Which I cannot do because the Fx group refuses to enable the smart contracts.
So my question is still unanswered. Why is the Fx group refusing to enable the smart contract so that we can move our tokens off the exchange.
It is very easy for you to tell me to be patient and understand. You don’t have thousands of hard earned money in Fx tokens stuck on an exchange. I trusted the Fx group and supported it. But now this is how we Fx token holders on Coinbase are being deserted.
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Im confused… who Designs & Deploys the Swap Contract?
The project team (Function X / PundiAI) creates and deploys the smart contract.
They decide its logic (e.g., 100:1 swap) and must ensure it’s secure, audited, and functioning.
If the contract has a bug or is exploited (as happened here), the project bears responsibility for the technical failure.
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Once transfers were disabled, FX tokens couldn’t move on-chain — meaning Coinbase couldn’t settle deposits, withdrawals, or internal trades. If FX can’t move on-chain, Coinbase can’t bring in new liquidity or send withdrawals out.
Coinbase halted trading because FX was technically non-transferable, making normal market operations impossible and legally risky.
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Coinbase is protecting itself. They’d rather freeze FX than risk the liability of converting into a token they don’t list.
If they initated the swap they’d “own” the decision and could be blamed for valuation loss or custody issues of an unlisted token.
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I am in the same boat as many of the other users here. My FX is frozen on Coinbase and I can’t do anything about it. I have been in contact with multiple different people at Coinbase as I have special contacts there from being a top trader, and they have made it very clear that the problem lies with the project team. “LKYBOB” is providing blatantly incorrect information; there is currently no way to get your FX out of Coinbase so that you can swap it for PUNDI. Your money is frozen, and unless the project team eventually does something about it, nothing will change.
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The reason is the project doesnt want to enable transfers; they wanr to force coinbase to do a swap to PUNDIAI.
The project gets to consolidate liquidity under one new token.
Fx investors get forced dilution and liquidity theft. But who cares about them.
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your all still ignoring the answer from the project staff which endorses every thing I’ve said, CoinBase have been given solutions, it’s up to them to action it, they are the one’s in control of the funds. Fx-pundiai swap bug and response ( NOT PUNDIX) - #71 by indra