⚠️ AscendEX has delayed withdrawals for several days, or even several weeks, fueling concerns of a possible liquidity crisis, according to ZachXBT.
Many users say their withdrawals remain pending for several days, sometimes several weeks.
By analyzing AscendEX's known hot wallets (formerly BitMax), ZachXBT found an apparent lack of reserves in major assets such as ETH, USDT, and SOL, which could indicate liquidity difficulties.
Founded in 2018, AscendEX was already a victim in 2021 of a hack attributed to Lazarus, which led to the theft of about $78 million in crypto.
$ETH
Many users say their withdrawals remain pending for several days, sometimes several weeks.
By analyzing AscendEX's known hot wallets (formerly BitMax), ZachXBT found an apparent lack of reserves in major assets such as ETH, USDT, and SOL, which could indicate liquidity difficulties.
Founded in 2018, AscendEX was already a victim in 2021 of a hack attributed to Lazarus, which led to the theft of about $78 million in crypto.
$ETH