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Status: Unreviewed

Withdrawal Delayed - Reasons

Why withdrawals may be delayed.

Normal Processing Time

StageTime
Request to approval1-2 business days
Approval to execution1-2 business days
Bank/network processing1-3 days
Total typical~5 business days

Reasons for Delay

Approval Queue

ReasonDescription
VolumeMany requests ahead of yours
TimingSubmitted after Friday cutoff
HolidaysNon-business days

Additional Review Required

TriggerWhy
Large amount≥300K CSR needs CEO approval
First withdrawalMay need extra verification
Account flagsCompliance review
USDT withdrawalDual approval (CEO + CIO)

Account Issues

IssueImpact
KYC incompleteCannot process
Account suspendedOn hold
Compliance reviewWaiting for clearance

Technical Issues

IssueImpact
Bank details incorrectReturned, re-process
Wallet address errorMay delay
System processingOccasional delays

Withdrawal Priority

TypeProcessing
Standard amountsNormal queue
Large amountsAdditional approval time
USDTDual approval required

Exceptional Delays

In exceptional cases, withdrawals may take up to 11 weeks. Reasons include:

  • Complex compliance reviews
  • External regulatory requirements
  • Investigation pending
  • Technical issues
  • Liquidity management / cash flow constraints

CEO Prioritization

The CEO may prioritize certain withdrawals to:

  • Maintain member relationships
  • Manage cash flow effectively
  • Address urgent financial needs
  • Process out-of-sequence for strategic reasons

Next Steps

See Withdrawal Delayed - Action for what to do.