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🚨 ASCENDEX — WITHDRAWALS STUCK, WALLETS EMPTY, ZACHXBT IS ALREADY HERE
On June 26, ZachXBT published an alert: he checked AscendEX hot wallets via Arkham and TRM — reserves are almost empty. Of the $20M on the wallets, most of it is illiquid tokens like UNITE and ASD. There is no proper ETH, USDT, or SOL.
Users have been complaining since June 10: withdrawals are stuck in the status “initiating” with not a single txid. Support is silent, and the exchange has not made any public statements. Zak asked two simple questions — why withdrawals aren’t going through and why the wallets are empty — and added: “I don’t advise anyone to put money there.”
The exchange’s track record is rich: in 2021, Lazarus stole $78M from hot wallets; in May 2026, trading was urgently halted for stablecoins due to “non-standard minting.” And now this.
Empty reserves plus stuck withdrawals plus a support team that won’t speak — in crypto, this combination usually ends the same way. If there’s money on the exchange, it’s time to think.
#AscendEX #crypto #zachxbt #security
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On June 26, ZachXBT published an alert: he checked AscendEX hot wallets via Arkham and TRM — reserves are almost empty. Of the $20M on the wallets, most of it is illiquid tokens like UNITE and ASD. There is no proper ETH, USDT, or SOL.
Users have been complaining since June 10: withdrawals are stuck in the status “initiating” with not a single txid. Support is silent, and the exchange has not made any public statements. Zak asked two simple questions — why withdrawals aren’t going through and why the wallets are empty — and added: “I don’t advise anyone to put money there.”
The exchange’s track record is rich: in 2021, Lazarus stole $78M from hot wallets; in May 2026, trading was urgently halted for stablecoins due to “non-standard minting.” And now this.
Empty reserves plus stuck withdrawals plus a support team that won’t speak — in crypto, this combination usually ends the same way. If there’s money on the exchange, it’s time to think.
#AscendEX #crypto #zachxbt #security
Subscribe — alerts like this appear here promptly 🔔
AscendEX just got "regulated" - off the map - in a shocking move that echoes the demise of many a smaller crypto exchange, all because of regulatory woes... But is this the real story, or just a clever distraction?
THE SIGNAL: Most traders watched AscendEX's price plummet 30% overnight after shutting down, but the real tell is the sudden spike in whale inflows to major crypto holding pools. #AscendEX #CryptoHodlers #BinanceWhaleActivity
THE INTERPRETATION: Whales are positioning for potential losses elsewhere in the crypto space. Given the uncertain regulatory landscape and rising market volatility, we're seeing them consolidate risk in traditional havens - a classic sign of an impending downturn.
THE WATCH LIST: As the dust settles, keep a close eye on Binance's USDT reserves, which are now absorbing the flood of withdrawing users from AscendEX. #BinanceUSDT
Will the "regulated" narrative prove a clever smokescreen for the real movers in the crypto space, or will the regulators' hammer come down on others too?
THE SIGNAL: Most traders watched AscendEX's price plummet 30% overnight after shutting down, but the real tell is the sudden spike in whale inflows to major crypto holding pools. #AscendEX #CryptoHodlers #BinanceWhaleActivity
THE INTERPRETATION: Whales are positioning for potential losses elsewhere in the crypto space. Given the uncertain regulatory landscape and rising market volatility, we're seeing them consolidate risk in traditional havens - a classic sign of an impending downturn.
THE WATCH LIST: As the dust settles, keep a close eye on Binance's USDT reserves, which are now absorbing the flood of withdrawing users from AscendEX. #BinanceUSDT
Will the "regulated" narrative prove a clever smokescreen for the real movers in the crypto space, or will the regulators' hammer come down on others too?
$ASCENDEX CEASES OPERATIONS – USERS URGED TO REPORT TO AUTHORITIES ⚠️
On-chain data confirms the hot wallet lacks sufficient liquid assets to cover millions in verified withdrawal requests. This liquidity gap is a structural red flag for anyone using centralized venues.
The shutdown, triggered by regulatory pressure and market conditions, underscores the importance of independent custody. Order book depth on top-tier exchanges may see short-term distortion as affected users reposition.
Are you reviewing your counterparty risk across exchanges?
Not financial advice. Always manage your risk.
#ASCENDEX #ExchangeClosure #CryptoNews #WithdrawalRisk #Regulation
⚡
On-chain data confirms the hot wallet lacks sufficient liquid assets to cover millions in verified withdrawal requests. This liquidity gap is a structural red flag for anyone using centralized venues.
The shutdown, triggered by regulatory pressure and market conditions, underscores the importance of independent custody. Order book depth on top-tier exchanges may see short-term distortion as affected users reposition.
Are you reviewing your counterparty risk across exchanges?
Not financial advice. Always manage your risk.
#ASCENDEX #ExchangeClosure #CryptoNews #WithdrawalRisk #Regulation
⚡
AscendEX Slow Withdrawals: ZachXBT Raises Big Questions About Exchange Liquidity
- Many users of the AscendEX trading platform have reported delayed withdrawals.
- Renowned on-chain investigator ZachXBT has warned about AscendEX’s potential liquidity issues.
- ZachXBT urged this exchange to publicly explain its reserves to ensure transparency for users.
#AscendEX #ZachXBT #CryptoNews #BinanceSquare #ThanhKhoan SanGiaoDich
$btc $eth
vlikevn Titanbot
Source: CoinTelegraph
- Many users of the AscendEX trading platform have reported delayed withdrawals.
- Renowned on-chain investigator ZachXBT has warned about AscendEX’s potential liquidity issues.
- ZachXBT urged this exchange to publicly explain its reserves to ensure transparency for users.
#AscendEX #ZachXBT #CryptoNews #BinanceSquare #ThanhKhoan SanGiaoDich
$btc $eth
vlikevn Titanbot
Source: CoinTelegraph
⚡ Warning: Delay in user withdrawals on the AscendEX platform due to liquidity issues
📊 A new report suggests that platform #AscendEX may face problems with user withdrawals due to a lack of liquidity
💰 According to multiple reports, AscendEX may delay processing user withdrawals for days or weeks
🔍 After reviewing the well-known hot wallets on Arkham/TRM, it appears that the platform’s wallet lacks large amounts of tokens such as $ETH , $USDT , and $SOL , indicating that the platform may face liquidity problems
📈 The AscendEX platform was founded in 2018 by George (Jing) Kao and Ariel Ling. It was breached by the Lazarus group in December 2021, resulting in losses estimated at $78 million
📊 A new report suggests that platform #AscendEX may face problems with user withdrawals due to a lack of liquidity
💰 According to multiple reports, AscendEX may delay processing user withdrawals for days or weeks
🔍 After reviewing the well-known hot wallets on Arkham/TRM, it appears that the platform’s wallet lacks large amounts of tokens such as $ETH , $USDT , and $SOL , indicating that the platform may face liquidity problems
📈 The AscendEX platform was founded in 2018 by George (Jing) Kao and Ariel Ling. It was breached by the Lazarus group in December 2021, resulting in losses estimated at $78 million
The 2026 bear market is more brutal than many people imagine.
In just a few short months, exchanges have already begun to buckle.
❌ BitMEX announces it will close its exchange.
❌ AscendEX stops operations.
This once again reminds everyone:
In a bull market, almost everyone is a genius.
In a bear market, what truly tests you is your ability to survive.
Every bear cycle eliminates the weak:
projects disappear,
funds evaporate, and
even exchanges may collapse.
If you’re still in this market,
put risk management first.
Don’t overleverage.
Don’t put all your assets into a single CEX.
Always be prepared for the worst-case scenario.
Only those who can get through both bears and bulls
will ultimately be able to seize the next real opportunity.
#Bitcoin #Crypto #BearMarket #CEX #BitMEX #AscendEX
In just a few short months, exchanges have already begun to buckle.
❌ BitMEX announces it will close its exchange.
❌ AscendEX stops operations.
This once again reminds everyone:
In a bull market, almost everyone is a genius.
In a bear market, what truly tests you is your ability to survive.
Every bear cycle eliminates the weak:
projects disappear,
funds evaporate, and
even exchanges may collapse.
If you’re still in this market,
put risk management first.
Don’t overleverage.
Don’t put all your assets into a single CEX.
Always be prepared for the worst-case scenario.
Only those who can get through both bears and bulls
will ultimately be able to seize the next real opportunity.
#Bitcoin #Crypto #BearMarket #CEX #BitMEX #AscendEX
$BTC VOLATILITY RISES AS MAJOR EXCHANGE ASCENDEX SHUTS DOWN 🚨
This is a serious development. AscendEX announced it's ceasing operations, citing market conditions and the EU's MiCA regulation. On-chain investigator ZachXBT revealed their hot wallet lacks enough liquid assets to cover millions in verified withdrawal requests.
If you're an affected user, your best move is to report to local law enforcement and regulators — hold co-founder George (Jing) Cao accountable. The clock is ticking on these funds. Have you already withdrawn or are you still stuck waiting?
Not financial advice. Always manage your risk.
#BTC #ExchangeShutdown #CryptoNews #MiCA #AscendEX
🚨
This is a serious development. AscendEX announced it's ceasing operations, citing market conditions and the EU's MiCA regulation. On-chain investigator ZachXBT revealed their hot wallet lacks enough liquid assets to cover millions in verified withdrawal requests.
If you're an affected user, your best move is to report to local law enforcement and regulators — hold co-founder George (Jing) Cao accountable. The clock is ticking on these funds. Have you already withdrawn or are you still stuck waiting?
Not financial advice. Always manage your risk.
#BTC #ExchangeShutdown #CryptoNews #MiCA #AscendEX
🚨
#AscendEX is not allowing users with a larger amount of 2000 to withdraw, they Tay in review or initiating phase indefinitely. Customer support is not helping. Be aware.
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