Another CEX falls, MICA compliance pressure + liquidity drain double kill, users' seven-figure withdrawals pending, this plot is too familiar.

CoinWorld news, WuShuo learned that centralized exchange Ascendex announced that due to regulatory developments such as MICA and market, financial, and operational factors, the platform has ceased operations as of July 1, 2026. Users can no longer open accounts, deposit, trade, exchange, stake, borrow, or participate in activities. Accounts are only retained for limited exit purposes. As of July 6, all withdrawal requests require manual review. Automatic withdrawals have been suspended. Withdrawals may be delayed, require additional information, or may not be processed. The platform currently cannot guarantee processing time or amounts. Analyst Zachxbt commented that the Ascendex announcement acknowledges withdrawals "may or may not be processed," and its public hot wallet still does not have sufficient liquid assets to handle its verified multiple seven-figure user withdrawal requests.