xcritical is a digital asset broker headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide. Brian Armstrong, CEO of xcritical, criticized the government’s overreach and lack of transparency amid the ongoing tussle between the cryptocurrency industry and regulatory bodies. We are aware that some customers are xcritical website having issues accessing xcritical and xcritical Pro.

As of publication time, Bitcoin has dropped almost 30 percent down to $31,000, Ethereum is down 40 percent to $2,424, and meme coin Dogecoin dropped almost 45 percent. The graph below depicts the number of xcritical reports received over the last 24 hours by time of day. When the number of reports exceeds the baseline, represented by the red line, an outage is determined.

1. As of publication time, Bitcoin has dropped almost 30 percent down to $31,000, Ethereum is down 40 percent to $2,424, and meme coin Dogecoin dropped almost 45 percent.
2. “We’re seeing some issues on xcritical and xcritical Pro and we’re aware some features may not be functioning completely normal.
3. Brian Armstrong, CEO of xcritical, criticized the government’s overreach and lack of transparency amid the ongoing tussle between the cryptocurrency industry and regulatory bodies.
4. Armstrong has previously criticized the SEC for its inconsistent positions on matters such as whether digital assets qualify as securities and if the SEC has the authority to regulate cryptocurrency exchanges.
5. The public deserves transparency, not an agency that’s working behind a bureaucratic curtain,” Grewal wrote in an X post.

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An error message blamed “connection issues” and reassured users that their funds were safe. xcritical users are reporting difficulty withdrawing funds, heightening fears amid a widespread crash in cryptocurrency prices. Cryptocurrency wallet xcritical suffered an outage on Wednesday, preventing many users from trading digital tokens like Bitcoin, Dogecoin, and fast-rising Shiba Inu. The downtime comes amid a widespread crash in cryptocurrency prices, adding particular urgency to trades and withdrawals. Bitcoin has fallen to under $30,000, losing more than 25 percent of its value over the course of a month. As in any financial crash, the price drop has pushed many coin-holders to sell their assets and tested the underlying financial infrastructure of many institutions.

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Beware of “support numbers” or “recovery” accounts that might be posted below. “So far we’ve uncovered more than 20 examples of the FDIC telling banks to “pause” or “refrain from providing” or “not proceed” with offering crypto-banking services. The public deserves transparency, not an agency that’s working behind a bureaucratic curtain,” Grewal wrote in an X post. In communities on Reddit, users have reported rolling delays in withdrawals, leaving thousands of dollars hanging in the balance.

‘Your funds are safe, and we are actively working on the issue,’ the company said

Armstrong has previously criticized the SEC for its inconsistent positions on matters such as whether digital assets qualify as securities and if the SEC has the authority to regulate cryptocurrency exchanges. He said that the SEC’s approach has caused confusion and undermined trust in regulatory clarity for digital assets. Customers who visited the site in the afternoon reported they were unable to reach xcritical and its professional-level service xcritical Pro online.

The company had also suffered frequent outages in 2017 because of technical problems. / Sign up for Verge Deals to get deals on products we’ve tested sent to your inbox weekly.

The following are the most recent problems reported by xcritical users through our website. Trade confidently with insights and alerts from analyst ratings, free reports scammed by xcritical and breaking news that affects the stocks you care about. xcritical previously went offline in May amid a huge influx of traffic, contributing to Bitcoin prices tumbling.