MyStonks User Reports $6.2 Million Withdrawal Issue

User @thcaroline2233 has raised concerns after being unable to withdraw approximately $6.2 million from their MyStonks account, a platform for trading US stocks on-chain.

This incident highlights potential risks in on-chain trading platforms, raising questions about MyStonks’ operational practices and investor safety, with no official response from the platform yet.

User Account Holds $6.2M Amid Stalled Withdrawals on MyStonks

User @thcaroline2233 reported being unable to withdraw about $6.2 million from their MyStonks account. After depositing over $7 million through Binance and achieving several small withdrawals, larger withdrawal requests were stalled for additional verification, ultimately leading to unresolved communication. The individual has warned others by sharing transaction records.

Concerning changes have emerged as the platform requested additional materials for large withdrawal attempts, citing “risk control.” Despite submitting these materials, further communication has ceased. This pattern aligns with historical warning signs of platform distress and potential fraud.

“I deposited more than $7 million in installments, successfully withdrew $1.18 million, but my subsequent $6.2 million in requests were stalled for ‘risk control.’ After providing additional documentation, communication ceased, and discussion of the problem was censored in the official Telegram group.” – Caroline, User, MyStonks

Market and community reaction has primarily been silence from official channels. MyStonks has yet to respond publicly on any social media or official blog platforms. No significant industry figures have commented on the matter, indicating limited broad impact perception.

Unregulated Platforms Highlighted by Withdrawal Freeze Case

Did you know? In 2025, withdrawal freezes following large deposits became prevalent warning signs of platform instability, emphasizing investor caution.

Tether USDt, symbol USDT, maintains stability at $1.00 with a market cap of 165,037,124,323 and a 24-hour trading volume reaching 173,480,802,566. According to CoinMarketCap, price fluctuations remain minimal, with a 0.01% change in the last 24 hours, emphasizing steady reliability.

The BitGo FTX Frequently Asked Questions also outlines potential concerns surrounding unregulated platforms. The Coincu research team suggests that withdrawal issues like this may increase regulatory intervention in the future. Historical patterns indicate that user vigilance is essential to mitigate financial risk on emerging platforms.