I will provide a brief translation:

1. Withdrawals can be made at any time for balances less than $1,000.

2. For balances greater than $1,000, only 10% of the snapshot assets can be withdrawn each month.

For example, if the total assets are $10,000, 10% can be withdrawn in the first month, which is $1,000, leaving $9,000 remaining.

The snapshot for the second month is $9,000, allowing a withdrawal of 10%, which is $900, leaving $8,100 remaining, and then $8,100 can be withdrawn in the third month, and so on.

This is not the biggest bug; the biggest bug is that the proof of the reserve address in the announcement is just a TRON address established only four days ago.

Although the exchange's hot wallet states that withdrawals over $1,000 cannot be made, it can still be seen that there are quite a few withdrawals exceeding $1,000; one of the addresses I observed has already transferred $45,500 from Websea's hot wallet within 8 hours.

The hot wallet, apart from TRON, only holds ETH and BSC, and they are the same address; the aggregation wallet, apart from one TRON, also only has one BSC and ETH, which is also the same address.

It seems that Websea's assets consist of only three types: TRON, ETH, and those on BNBChain.

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