Crypto Withdrawal from Tokenize Exchange Part 2

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2025/08/05/crypto-withdrawal-from-tokenize-exchange-part-2/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

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Yesterday (4 August 2025), I withdrew ADA and TKX from my Tokenize Exchange account (refer to my blog post Crypto Withdrawal from Tokenize Exchange). At the end of my blog post, I mentioned that I would be monitoring the withdrawal status before proceeding to withdraw the rest of my crypto assets.

This morning I gave it another thought. I asked myself: "What is the point of monitoring and waiting for the completion of ADA/TKX withdrawal before proceeding to withdraw the rest?"

The original idea was to test out the crypto withdrawal process risking a small amount just to make sure I have done it correctly, and to understand how long does it take for such withdrawal to take place. This would make sense under normal circumstances.

However, the current situation is not normal:

• MAS not granting MPI Licence to Tokenize Exchange resulting in the latter ceasing operations.
• Tokenize Exchange might not have sufficient assets to meet customers' claims and they might not have segregated customers' assets from their own assets.
• MAS referred the case to CAD for investigations.
• Tokenize Exchange CEO Hong Qi Yu has been charged in court with the offence of fraudulent trading.
• Some friends who were in the July withdrawal window shared with me that their crypto withdrawal attempts were still shown as "in transit" on Tokenize Exchange platform as of today.

In view of such out-of-ordinary circumstances, I have decided to go ahead to withdraw the rest of my crypto coins today. Following the same withdrawal process as described in the blog post posted yesterday, I can see the withdrawals for these 2 days in the "Transaction History" page:

All the withdrawn crypto coins are having "INTRANSIT" status. I went to the "Fiat and Spot" page to see the remaining assets:

I'm left with only LUNA and SGD in my account. Coinbase and Coinbase Wallet don't carry LUNA (Terra 2.0), and I haven't spent time researching any wallet out there supporting LUNA. The amount is pretty small and I'm prepared to write off LUNA.

Then I proceeded to withdraw SGD, and the "Withdraw Fiat" page caught me by surprise:

Wow! I was very efficient in utilizing my cash, so much so that my cash balance was left with only SGD3.73. The minimum withdraw amount is SGD10, hence I couldn't withdraw my remaining cash. Another one to write off.

Ok, I have withdrawn all the crypto coins that matter to me. Nothing more I can do other than just wait for the outcome.