Gate.io News, on-chain detective Zachxbt said that the crypto exchange Ascendex has not posted on X for 9 days, with user withdrawals still unprocessed while deposit functions remain normal. A large victim raised the issue with Ascendex co-founder George Cao, but received no response. Zachxbt advised users whose funds are stuck to file reports with local law enforcement and regulatory agencies. In news on June 26, Zachxbt disclosed that Ascendex is suspected of facing liquidity issues, with user withdrawals delayed from several days to several weeks.

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BlackVelvetKey
· 3h ago
This combo of an exchange liquidity crisis and the founder going missing—if you know, you know. Don’t hold onto fantasies.
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