That’s not the message Coinbase is giving publicly or through support channels. In multiple screenshots, they’ve been clear: they cannot process withdrawals until the FX contract is unpaused, and the responsibility lies with the project.
This position makes sense. Coinbase has already delisted FX and has not conducted any due diligence on $PUNDIAI. It seems very unlikely they would facilitate a swap into an unlisted token.
Most likely, they will leave it up to customers to handle any swap themselves through external wallets. But for that to even be possible, the transfer function on the FX contract would need to be re-enabled first.
It seems Coinbase ALREADY HAS made their “final decision” as you put it. They have no plans to support Pundi AI. Which after this whole experience, I can’t blame them. They’ve already exposed their users to enough problems with this project, better on their end to walk away now then get in any deeper.
It seems above you are suggesting the network freeze was put into place to help sort out the problems with getting hacked. That at least answers the why this is happening. What you’re not doing is answering the what your team is going to do about it question. Telling your holders there’s nothing you can do until Coinbase makes a decision simply doesn’t work in this situation, because Coinbase isn’t going to do anything. Coinbase is going to keep our funds frozen until the FX team does what they need to do on their end. It’s squarely on the FX team to right this wrong.
I don’t care what solutions you or the FX team have proposed, and obviously, Coinbase doesn’t either. There is one path forward, and that path is flipping the switch on the network so myself and all of these other fine people who have been railroaded by this project can access our assets. This isn’t “fud” this is fact. I don’t think anyone who currently holds FX on Coinbase wishes any ill will towards your team or your project, in the future I hope Pundi AI does well. WE JUST WANT ACCESS TO OUR FUNDS AND THE FX TEAM ARE THE ONLY ONES WHO CAN MAKE THAT HAPPEN.
Stop deflecting to Coinbase, it’s counterproductive, and do what you need to do to fix this farce. They may hold our funds, but the FX team is the only ones with the key to unlock them. Or don’t, and see what happens to Pundi AI, because I can promise you everybody in the crypto space is gonna find out what happened here, and I don’t see how anybody is going to want to invest a dime with your projects moving forward. It’s only FUD if it’s not true. Is your team really prepared to deal with all the negative backlash that is about to come your way? Because it seems to me like this project is hanging on by a thread as it is, so I can’t imagine getting ripped apart on social media being anything you want to mess with. Choice is yours. I’d do the right thing.
One more thing, where’s @zaccheah to comment on ANY of this? Leaving the minions to deal with a situation of this magnitude is poor leadership. If you want any faith restored in your project, you should be making official posts on the topic. We can all see you have plenty of time to post random stuff on X.
You know, I know, Coinbase knows, the whole crypto community knows that there is no pending proposal or decision that Coinbase is considering. They have made their final decision.
You keep repeating that you’re waiting for Coinbase but you know that’s not true. This is simply a delay tactic.
I need to know if the Fx project team intends on enabling the smart contract for transfers or not. The large group of Fx token holders on Coinbase are prepared to aggressively pursue this issue.
You might want to consult with David Kay and your senior leadership of Pundi AI. This issue will have large consequences for Pundi AI and PundiX. I will make sure of that. You do not know who I am but trust me when I say that when you get my attention, you get the attention of the US SEC and FinCEN. This will end badly for Pundi AI and PundiX if this is not rectified immediately.
If you pursue legal recourse, please contact me so I can be involved. I have about $15,000 being held hostage in this. I can contribute to cover a portion of legal expenses.
I suggest a hard deadline, say 30 days at the most, and if no action has been taken, then proceed. I truly hope that the Pundi team has good intentions and is actively working on this, and it does not become necessary. But they need to stop acting as if Coinbase is going to do anything.
Nope, Coinbase team has notified us that they are still on internal discussion regarding our proposed solutions (we offered 2 options) and will get back to us soon.
This is the latest update based on their reply to us less than 24 hours a go.
There’s no reason for us to use delay tactics or anything like what you’ve accused. We want this matter resolved as quickly as possible.
The situation is still pending simply because Coinbase is having internal discussions to provide us with their final decision (based on the email they sent us 24 hours ago).
I believe they are just FUD brokers @indra, because no mater what you tell them; they just keep intensifying their opinion building the scenario into a loosing position, pointing all blame on the project. Emotional blackmailers
( Complaints will not resolve this issue faster )
I am sympathetic if your situation is real, but trust that the Project is loosing far more then you. and has nothing to gain in stalling anything.
This isn’t FUD: the project paused transfers and attempted to push a swap on exchanges, leaving holders exposed. Yet somehow, you keep claiming it’s all “FUD” whenever anyone points out the obvious—the project needs to stop blaming the exchange and take responsibility.
Millions of dollars worth of tokens were frozen on the Coinbase exchange as a direct result!!!
the swap is not a forced change, the change was always going through, it’s just the easy solution.
your questions have been answered, the stoppage is because of the events listed above.
I have 10K plus locked up and frozen. I need to see public announcement or pressure from the FX team on coinbase. Legal action would be unfortunate and cost money, but as of now I’m already down.
Also, @LKYBOB how can you honestly not be surprised that there is a huge amount of complaints. Be honest with your self a ton of people currently don’t know if they will ever get back in some cases a very large some of funds. That is not FUD
I understand, but building your own rhetoric of what is goings on & creating scenario’s that don’t exist is FUD, all the blame pointing and legal harassment will not speed up the process, it has to be done right or there is way more loss than your small individual investment, anything done is within the best interests of everyone. the situation will be resolved ASAP.
you would be wrong to think our Blockchain has been damaged or in peril, the hack is to the ETH swap contract, the issue is on the ETH network side, trying to connect us to such LUNA events is FUD, the situation is in no way relatable. I’m am not project staff but a long term holder, if I thought there was this kind of worry - I would not be here.
When I think of the word “temporary”, I take it to mean something short-term, with a defined purpose, and with a clear expectation of resumption. To me, it implies that there is both a timeline and a commitment that the function or service will be restored.
But does “temporary” mean 39 days and counting, with no updates, no communication, and no timeline for when the function will return?
Perhaps you can explain your defination to coinbase too;
no point barking at me, I have no more information than what’s been released, that any one in the public can see, when there are updates they are released when they are released, I have no role in the due process.