ZachXBT: AscendEX has almost no available liquid assets to fulfill user withdrawals

According to Odaily, on-chain investigator ZachXBT released verification information stating that cryptocurrency exchange AscendEX has officially announced the cessation of operations, and the platform's current liquid assets are almost insufficient to cover user withdrawal demands. The platform announcement stated that the shutdown is mainly due to market conditions and the EU's MiCA regulatory policy. Starting July 1, all services including account opening, trading, and deposits will be fully closed, with only basic functions such as account inquiry and withdrawals remaining available. After July 6, all withdrawal channels will cease automatic processing and switch entirely to manual review. The platform officially admitted that withdrawals may be significantly delayed or even unable to be processed.

ZachXBT's verification found that the amount of user claims pending settlement reaches millions of dollars, but the available liquid assets in the platform's hot wallet are severely insufficient. AscendEX is currently evaluating its own financial situation and user asset disposal plans, with subsequent arrangements to be announced separately.