Warning: Exchange exit scam pattern analysis 🚨
Technical breakdown of a known exchange rug pull method previously used by AEX (Huang Tianwei):
1. Asset Swap Mechanism: Force users to convert holdings into a worthless meme token (AUSD) at 1:1 $USDT parity
2. Deceptive Withdrawal: Users withdraw the token, but on-chain reality shows zero liquidity pools and zero market value
3. Backend Manipulation: For users who refused to swap, the platform directly zeroed out their account balances in the database
4. Platform Shutdown: Complete exit after asset manipulation
Evidence Preservation Protocol:
The only reason AEX victims still have proof today is months of persistent user education on taking asset screenshots and notarizing them before the shutdown.
Current Risk Alert:
Similar patterns emerging with Ju exchange. If you're affected by Ju or Dexx, act immediately:
- Screenshot all balances NOW
- Notarize evidence
- Pursue legal action without delay
Don't wait for the backend wipe. These platforms follow identical playbooks.