ascendex

AscendEX Slow Withdrawals: ZachXBT Raises Big Questions About Exchange Liquidity

- Many users of the AscendEX trading platform have reported delayed withdrawals.
- Renowned on-chain investigator ZachXBT has warned about AscendEX’s potential liquidity issues.
- ZachXBT urged this exchange to publicly explain its reserves to ensure transparency for users.
#AscendEX #ZachXBT #CryptoNews #BinanceSquare #ThanhKhoan SanGiaoDich

$btc $eth

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Source: CoinTelegraph

⚡ Warning: Delay in user withdrawals on the AscendEX platform due to liquidity issues
📊 A new report suggests that platform #AscendEX may face problems with user withdrawals due to a lack of liquidity
💰 According to multiple reports, AscendEX may delay processing user withdrawals for days or weeks
🔍 After reviewing the well-known hot wallets on Arkham/TRM, it appears that the platform’s wallet lacks large amounts of tokens such as $ETH , $USDT , and $SOL , indicating that the platform may face liquidity problems
📈 The AscendEX platform was founded in 2018 by George (Jing) Kao and Ariel Ling. It was breached by the Lazarus group in December 2021, resulting in losses estimated at $78 million

#AscendEX is not allowing users with a larger amount of 2000 to withdraw, they Tay in review or initiating phase indefinitely. Customer support is not helping. Be aware.