POPA ReconCommunity alert: I have observed multiple reports that the centralized exchange AscendEX (formerly Bitmax) is delaying user withdrawals for…
Community alert: I have observed multiple reports that the centralized exchange AscendEX (formerly Bitmax) is delaying user withdrawals for days / weeks or not processing withdrawals. I reviewed known hot wallets on Arkham/TRM and its reserves appear to lack large cap tokens such as ETH, USDT, USDT, SOL, etc indicating they likely are facing liquidity issues. AscendEX (Bitmax) was founded by George (Jing) Cao & Ariel Ling in 2018. In December 2021 they were reportedly hacked by Lazarus Group for $78M. EVM hot wallets 0x983873529f95132BD1812A3B52c98Fb271d2f679 0x4240781A9ebDB2EB14a183466E882…
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