TechFlow News, May 13: According to an official announcement, digital asset trading platform Websea has reached an investment agreement with a strategic investor and will officially reopen withdrawals at 16:00 (UTC+8) on May 18, simultaneously publishing detailed withdrawal arrangements. The strategic investment originates from a Middle Eastern family fund. Both parties engaged in multiple in-depth discussions covering core topics including the platform’s asset status, business structure optimization, recovery roadmap design, and long-term development planning, ultimately reaching a consensus on collaboration. Currently, the investor is progressing with capital injection per established procedures, while concurrently conducting legal due diligence, signing definitive agreements, and finalizing equity arrangements.
Herbert R. Sim, Websea’s CMO, stated that Websea has undergone an exceptionally difficult period; however, despite widespread industry skepticism, the platform’s team members have persistently worked behind the scenes—ultimately ushering in renewed vitality. He believes this trial represents both a challenge and an opportunity for the platform. He further noted that, following the investor’s entry, Websea will publish its Proof of Reserves (POR) and commit to regular disclosures to further enhance transparency of user assets and bolster market confidence. Additionally, the platform will continue optimizing its product architecture and ecosystem mechanisms to drive long-term, stable growth.
