Hong Kong-based crypto derivatives exchange AAX has announced that it will suspend all transactions, including trading and withdrawals, with a sudden decision.
Cryptocurrency exchange AAX, founded in 2019, said in a statement, trading and withdrawal temporarily all transactions, including will suspend and adjustments to users’ assets. it may take 10 days announced.
AAX due to this transaction restriction of users. you might have panicked and stated the following:
Investors are rightly worried as one of the largest stock exchanges in the industry went bankrupt last week.
AAX Vice President Ben Caselin said in a statement on November 13 that this situation addressing “serious vulnerabilities” He said it was made for In addition, in the statement made by the company, they were not affected by the FTX collapse, that they are not in financial risk has been told. According to the statement, AAX stores substantial amounts of its assets in cold wallets and does not lend user funds.
According to CoinGecko data, AAX is the highest volume top 20 cryptocurrency exchanges is among.
