Update 2: AscendEX published the following announcement stating they will cease operations as the team blames current market conditions and MiCA.
AscendEX admits in its announcement withdrawals may or may not be processed.
Their public hot wallets still do not have liquid assets to process withdrawals for the multiple 7 figures in user claims I have verified.
Users with assets stuck should file a report with law enforcement and regulators in your country to hold its co-founder George (Jing) Cao responsible.
Post #352
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Investigations by ZachXBT Update: AscendEX has not posted on X (Twitter) for 9 days since my post and user withdrawals are still not being processed while deposits are being accepted. I reviewed a case where a large victim has been getting no response from the AscendEX co-founder…
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