GAIB is embroiled in a reserve controversy storm: CEO hits back at "strategic attack" and promises to release complete proof on the 21st.

[Coin World] A certain trader recently expressed frustration on social media, stating that after investigating for half a day, they still couldn't understand where GAIB's funds went. Even more disheartening is the fact that the original transparency page link on the official website has disappeared, and a staggering 75% of the reserve assets—about $150 million—lack third-party endorsement.

In the face of doubt, GAIB's CEO Kony quickly stood up to counterattack. He believes these accusations are “inaccurate and create panic,” and he threw out a bunch of clarifications:

First of all, the operation of withdrawing to stablecoin is normal every day, and the promised withdrawals have been credited on time. Secondly, during the migration from AID Alpha to AID, those AIDa holders who have not yet migrated can withdraw their funds at any time. As for the transparency page? Kony said that it is being rebuilt for the mainnet AID, and it was not taken down due to issues with the reserves.

He also emphasized that all AID and sAID users have already received complete information disclosure - including the withdrawal timetable, fund transition arrangements, and when the transparency module will be launched, all of which have been clearly stated. The most critical point is that on November 21, the complete reserve proof system will be officially launched, along with the opening of the channel for AID to exchange for USDC.

However, Kony's words hint that the trader is very close to competitors, and this operation “seems more like an organized targeted attack.” It seems that this debate is far from over.