Binance Wallet User Says Lista-Related Funds Remain Unavailable for More Than a Year

A Binance Wallet user said about 3,000 Tether (USDT) placed in a Lista-related financial product had been unavailable for redemption for more than a year, prompting Lista DAO to explain who manages the vault and its risk settings.

Community user @is9203029798693 said repeated contacts with customer service had not resolved the withdrawal problem.

Lista DAO responded Tuesday, Nov. 10, saying third-party firm MEV Capital independently manages the vault and is responsible for managing funds and user assets. The DAO said it provides the underlying lending infrastructure but cannot directly change risk parameters for vaults managed by third parties. It said it would continue helping address the issue.

Lista DAO also said MEV Capital had filed a lawsuit against Stables Labs.