Express

Crypto Exchange AAX Suspends Withdrawals for 7 to 10 Days

Katie Lin

Summary: Crypto exchange AAX said it has suspended activity, citing an upgrade. “Withdrawals have been suspended to avoid fraud and exploitation,” the company said. According to the company, there will be a 7-to-10-day delay in services due to the failure of a third-party partner, which caused the system to record abnormal data. The exchange did not ...

Crypto exchange AAX said it has suspended activity, citing an upgrade.

“Withdrawals have been suspended to avoid fraud and exploitation,” the company said.

According to the company, there will be a 7-to-10-day delay in services due to the failure of a third-party partner, which caused the system to record abnormal data.

The exchange did not identify the partner but said it does not have any exposure to FTX, adding that it stores its assets in cold wallets and doesn’t lend out user funds to venture activities.

Author: Katie Lin

Last Update:

Tags: ,,,,,
Link: Crypto Exchange AAX Suspends Withdrawals for 7 to 10 Days   [Copy]
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 13 hours ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 3 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 8 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 9 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 12 days ago
  • You need to login to comment.