POPA ReconUpdate 2: AscendEX published the following announcement stating they will cease operations as the team blames current market conditions and…
Update 2: AscendEX published the following announcement stating they will cease operations as the team blames current market conditions and MiCA. AscendEX admits in its announcement withdrawals may or may not be processed. Their public hot wallets still do not have liquid assets to process withdrawals for the multiple 7 figures in user claims I have verified. Users with assets stuck should file a report with law enforcement and regulators in your country to hold its co-founder George (Jing) Cao responsible.
The excerpt is quoted from a public Telegram channel, which owns its text.