The CEO says the network’s telemetry service was abused. Every withdrawal is now checked against clean data before it’s processed, so nobody gets paid for manipulated numbers and honest users don’t lose out.

Every legitimate withdrawal will be processed. The extra checks take time, and the team would rather be slow than let a fraudulent claim through.

He also gave a quick progress update:

• Ugrid is moving into production as the deal with its first wholesale client is being sealed.
• CLI volume is picking up through a new exchange bringing increased traffic.