An update from Cashaa — where we stand, in full.
Every other loan and investment position we held is now closed and squared. One single position remains, in default — the Blockseed facility from our last update. That is the last piece.
Here's what this cost us, not just our users. Once everything else was squared, we spent Cashaa's own treasury and all our remaining funds to keep paying user withdrawals for as long as the money lasted. And not a single penny of that treasury was taken out by our owners or shareholders — no dividends, no withdrawals, nothing for ourselves while users waited. A deliberate, shared sacrifice by our management, shareholders and employees, so your funds and the interest on them come back to you first.
The remaining position is heavily over-collateralized. Even in default, the collateral is worth roughly double what we owe our users. There is no shortfall — the assets comfortably cover 100% of what the community is owed. The only task left is converting that value into funds we can return.
We're now completing the transfer of the pledged shares with Blockseed and Bloq. Once it's done, we will liquidate them in an orderly way and use the proceeds to make every user whole — repaying what is owed and reopening the platform.
Read the full statement: https://t.co/Itm9jjPsrQ
An update from Cashaa on the withdrawal freeze — direct, and in full.
Since 15 August 2025, withdrawals have been paused. You deserve to know exactly why, and exactly where things stand. Here it is.
WHY WE PAUSED
To protect users through the crunch, we actively closed all our other outstanding loans and used Cashaa's own company treasury to honor withdrawals for as long as we could. What remains is a single, long-running, illiquid position — and resolving it is the definitive key to reopening the platform.
THE ONE LOAN LEFT
In March 2023 we extended a substantial short-term loan to Blockseed Ventures Limited — its director, Manmeet Singh, is also a major investor in Bloq Inc (known for tokens like Metronome (MTN) and HEMI). It was secured by collateral with a face value well above the loan.
It matured on 26 September 2023. Not the principal, not a single month's interest, has been repaid since. We spent 2+ years working constructively — formal extensions, Letters of Claim, and escalation to our Board and legal counsel.
THE COLLATERAL — AND WHY YOUR FUNDS ARE BACKED
The collateral is converted equity in prominent, emerging Web3 ecosystems. Because of the high-growth trajectory of these networks, our position remains heavily over-collateralized — the market value of the underlying assets is multiple times our remaining user deposits. There is more than enough asset backing to fully recover and back 100% of our community's funds. What's left is clearing the legal and administrative layers to unlock it.
WHERE IT STANDS
On 4 January 2026, Manmeet Singh @mandmsingh agreed to transfer Blockseed's entire converted shareholding to Cashaa as full and final settlement. It has now been 6+ months. We've provided every document requested — promptly and in full — while absorbing missed deadlines and, as recently as this month, a pause by their own outside counsel over an internal issue on their side.
We consider this settlement non-negotiable and are prepared to pursue every legal avenue, in every jurisdiction, to close it.
We'd rather give you the facts than a comforting line. The freeze exists to protect users, and we will not lift it in a way that puts anyone at greater risk than the status quo. Thank you for your patience while we finish recovering what is owed.
Full statement: https://t.co/yQjTtqBWS3
— Cashaa Leadership
The new Cashaa App is LIVE! 🚀
No more jumping through hoops for those "Platinum" rates:
✅ 0% APR Borrowing
✅ 21% APR Earn
✅ NO native token requirements
✅ NO loyalty tiers
Best rates in CeFi, no strings.
📲 iOS: https://t.co/TyIfGcHbtv
📲 Android: https://t.co/QqBiHJmfyt
Happy New Year, Cashaa Family! 🎇
We are entering 2026 with a clear mission: Growth, Trust, and Innovation. 💎
With our restructuring nearing completion and a new product suite on the horizon, we’re excited to build a stronger future together. 🚀
To our global community: Thank you for an incredible 2025. 🎄
You are the reason we innovate to bridge the gap between traditional finance and the future of crypto. We’re honored to build the future of banking with you.
Wishing you a peaceful holiday and a prosperous 2026! 🚀✨
Hi everyone. Unfortunately we have had to postpone the AMA due to unforeseen circumstances. We will update the community once we have a new date confirmed. All questions will carry over to the new date along with the giveaway. Apologies and thank you all for your patience.
GN FAM Want your crypto to work for you—not just sit idle?
Meet @Cashaa, where earning, borrowing, and loyalty come together to supercharge your digital wealth.
Let’s break down how you can grow, access liquidity, and get rewarded—all in one place. 🚀 #Cashaa#crypto#defi #bitcoin
The Cashaa competitions continue. Full suite thread earns 50 USDT with runner ups at 20. Single product tweet earns 20 USDT with runner ups at 10. Make your entries now and tag Cashaa to join before Sunday. #Cashaa#Crypto#bitcoin
The Cashaa competition is live. Create a full suite thread covering Earn Borrow and Loyalty for a chance to win 50 USDT with two 20 dollar runner ups. Or enter the tweet contest by making a strong post about any single Cashaa product and win 20 USDT with three 10 dollar runner ups. Tag Cashaa to enter and submit before Sunday. #Cashaa #crypto #bitcoin #defi
Two days to AMA. Check it out at 4pm UTC on the 4th Dec on our X. Submit questions in Discord today for a chance to win 20 USDT or 10 USDT. #Cashaa#Defi#crypto#bitcoin
Fixed deposits are a solid hedge in a bear market. With 24-month terms and CAS payout at Diamond loyalty, you can earn up to 18% APR on BTC, ETH, and supported altcoins. A calm, predictable path for long-term crypto holders. #Casha#crypto#bitcoin#DeFi
It’s AMA week and question submissions are open. The session goes live on Thursday 4th December. Add your AMA questions in Discord today for a chance to win 20 USDT for the best question or 10 USDT for one of four runners up. Submit now before we start finalising the list.
Our new Medium article looks back at Cashaa’s pre upgrade product suite, including Earn, Borrow and CAS utility. A clear view of what shaped the platform. Read here
https://t.co/j4aqwZr0LQ
#Cashaa#Crypto#DEFİ#BITCOIN