🚨 AscendEX has officially ceased operations, and users may not recover their full crypto balances.
The exchange shut down on July 1, citing regulatory, financial, and operational pressures. It also warned that ongoing liquidity issues could prevent users from withdrawing their full crypto holdings. Previous reports indicated the platform’s hot wallets held very limited balances of major assets, including ETH, USDT, USDC, and SOL.
#AscendEX #Crypto #Cryptocurrency
The exchange shut down on July 1, citing regulatory, financial, and operational pressures. It also warned that ongoing liquidity issues could prevent users from withdrawing their full crypto holdings. Previous reports indicated the platform’s hot wallets held very limited balances of major assets, including ETH, USDT, USDC, and SOL.
#AscendEX #Crypto #Cryptocurrency