▼ Bearish
ZachXBT has alerted the community to multiple reports indicating that centralized exchange AscendEX is delaying user withdrawals, with some users experiencing delays of days or weeks.
Analysis of the exchange's hot wallets suggests a lack of large-cap tokens such as ETH, USDT, and SOL, pointing to potential liquidity problems. AscendEX, founded in 2018, has a history of security issues, including a hack by the Lazarus Group in December 2021.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.