Another veteran CEX has fallen. Liquidity crisis + manual review — this exit mechanism sounds like boiling a frog slowly. Friends who still have assets on it, check your asset status immediately. Don't wait passively until after July 6.

AscendEX announced it will cease operations effective July 1, 2026, with account opening, deposits, trading, staking, etc. disabled, retaining only limited withdrawal functions; as of July 6, withdrawals require manual review, auto withdrawals are suspended, may be delayed, require additional information, or may be unprocessable, and the platform cannot guarantee timing or amounts. ZachXBT stated that public hot wallet liquidity is insufficient to handle multiple seven-figure withdrawals, and there have been previous instances of withdrawal delays/unprocessed withdrawals and deposits still being open.