POPA ReconZachXBT Flags AscendEX Over Frozen Withdrawals
ZachXBT Flags AscendEX Over Frozen Withdrawals On-chain investigator ZachXBT says the exchange AscendEX (formerly Bitmax) has been delaying or failing to process user withdrawals for weeks — while still accepting deposits. As of July 2, AscendEX has stayed silent on X for nine days. A large affected user says co-founder George Cao isn't responding to their concerns, and ZachXBT is urging anyone with stuck funds to file reports with law enforcement and regulators. AscendEX previously lost ~$78M in a December 2021 hack attributed to the Lazarus Group. 👉 t.me/investigations/349
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