Foresight News|Nov 17, 2025 03:19
[GAIB CEO: Withdrawals Open as Normal, Proof of Reserves and AID/USDC Conversion to Launch on November 21]
Foresight News reports that trader CBB tweeted, 'If users have funds in GAIB, I recommend withdrawing immediately. After conducting an in-depth investigation, I still cannot determine the whereabouts of the funds/collateral. The website has removed the transparency page link, and 75% of reserves ($150 million) lack third-party verification, making the risk-reward ratio unfavorable.'
GAIB CEO Kony later responded, stating that the team has fulfilled all liquidity commitments. The first round of AID Alpha withdrawals began on August 25, with 95% of users choosing to retain their funds. The second round of pre-deposits opened for withdrawals on November 7, providing over $100 million in liquidity. Withdrawals remain open during the transition from AID Alpha to AID, and AIDa holders who have not migrated can freely withdraw their funds. The transparency page is being redesigned, not due to reserve issues. The liquidity schedule has been disclosed multiple times. Proof of reserves and AID/USDC conversion will launch on November 21. The reason for the delay is the ongoing improvement of new certification infrastructure and verification reports.
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