Ripple-linked Uphold faces withdrawal delays amid ‘bank run’ claims

Uphold has acknowledged withdrawal delays as users on social media alleged a “bank run” on the Ripple-linked crypto platform, though the company insists customer funds are safe. The delays add to a mounting list of problems for the exchange in recent months, including staff layoffs and regulatory issues. Uphold has not disclosed the size of the withdrawal backlog or the volume of requests processed, leaving the scale of the strain unclear. The episode matters because withdrawal friction is often the first visible sign of liquidity or operational stress at a crypto platform, and Uphold’s ties to Ripple give it added visibility. What to watch next is whether the backlog clears quickly and whether Uphold publishes concrete figures on withdrawals and reserves to quiet the bank-run narrative.