AAX has halted the withdrawal services on its platform for an approximate 7-10 days, citing a system glitch.
The measures undertaken by the cryptocurrency exchange has evoked quite the reaction from the speculated 2 million AAX users and other members of the platform.
On November 3rd, users reported receiving notice of a system upgrade; in the message, AAX communicated that the upgrade was taking longer than expected.
In reaction to a recent statement, many have accused AAX of trying to downplay its financial exposure to FTX, as one user, identifying on Twitter as “@MuhammetDavuth1”, demanded that the cryptocurrency exchange disclose its relationship with FTX.
Another user, “@dextrian”, claims that the withdrawal notice came at the wrong time. According to dextrian, AAX must prove to its customers that the suspension is authentic by providing Proof of Reserves, thereby demonstrating that it has no…
