POPA ReconAscendEX Shuts Down, Freezes Withdrawals
AscendEX Shuts Down, Freezes Withdrawals AscendEX (formerly Bitmax) says it ceased operations on July 1, blaming the EU's new MiCA regime — under which it holds no authorization — plus broader regulatory, financial and operational pressures, cutting off deposits, trading, swaps and staking for all users. The shutdown follows on-chain sleuth ZachXBT's warning that the exchange had stalled user withdrawals for weeks while still taking deposits, then went silent on X for nine days. As of July 6, all withdrawals face manual review with automated payouts paused, and AscendEX says it cannot give…
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