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SlowMist Cosine: The process of retrieving funds from the Alby custodial wallet is cumbersome and causes significant wear and tear.

2025-06-11 14:45

BlockBeats News, June 11: SlowMist founder Yu Xian released an update on the "Alby Custodial Wallet Balance Transferred by the Platform" incident. He stated, "Alby's tricks are too many. Although they have returned the funds, the process of successfully withdrawing them was cumbersome (even though I fully understand the mechanism behind this). Ultimately, out of the $191, only $153 was successfully withdrawn, with over $30 lost in the process."


Earlier today, BlockBeats reported that SlowMist founder Yu Xian had said, "I got the funds back without following the official steps. It seems they directly refunded me... Happy Ending... For others who have encountered the same issue, if you haven't gotten your funds back, you can send an email to the official support (the official email is listed in the transaction details of the transferred amount). You can follow the steps required in the official response (such as registering for their Cloud service or setting up an Alby Hub, which may require fees). Alternatively, you might also choose my approach and do nothing—just wait for a refund to come through directly."

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