The established exchange is facing withdrawal issues again, with reserves running low. This wave needs to be watched closely.

View Original
CoinNetwork
CoinWorld News, on-chain analyst zachxbt pointed out that AscendEX is delaying user withdrawals for days or weeks, or leaving them unprocessed. By checking known hot wallets on Arkham and TRM, AscendEX's reserves lack large-cap tokens such as ETH, USDT, USDC, and SOL. AscendEX was co-founded by George Cao and Ariel Ling in 2018 and was hacked by the Lazarus Group in December 2021, resulting in the theft of $78 million. The addresses of AscendEX's EVM hot wallet, TRON hot wallet, and Solana hot wallet have all been monitored.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned