Websea Background Check: High-Risk Crypto Exchange With Frozen Nodes and Withdrawal Complaints
Summary
Websea, also known in Chinese-speaking communities as “浪所,” is a crypto exchange/project launched on August 28, 2023 and operated by Websea Global Holding Limited, a Singapore-registered company. Public information indicates serious risks, including opaque leadership, limited regulatory substance, repeated withdrawal complaints, frozen insurance nodes, suspended compensation, and concerns about fund consolidation. Based on the available information, Websea is assessed as an extreme-risk platform with a risk score of 9/10.