โ ๏ธ AscendEX Shuts Down: Users Locked Out, Hot Wallets Hold Under $13.5M
AscendEX, once a top-10 centralized exchange by volume, has permanently halted trading and deposits as of July 1 and moved all withdrawals to manual review with no guaranteed timeline or payout amount. On-chain investigator ZachXBT flagged that the exchange hot wallets hold less than $13.5M โ virtually empty โ with delayed withdrawals stretching back weeks. The exchange cited EU MiCA enforcement and a failed liquidity deal as key causes. Not financial advice. This is a stark reminder to check your exchange risk exposure regularly.
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