AAX crypto exchange, which stopped all operations on November 13, deleted its official Youtube channel and Facebook account. At the same time, the Twitter account is still working fine. Earlier, representatives of the platform promised to restore work in 7-10 days. However, on November 15, the exchange published a statement according to which the resumption of operations can occur only if additional capital is raised.
AAX Remote YouTube Channel
Some of the AAX investors expressed a desire to withdraw capital, despite the statements of the platform’s representatives that the collapse of the FTX crypto exchange did not lead to the compromise of assets.
AAX is a centralized crypto exchange (CEX), established in 2018 and registered in the Seychelles. There are 252 coins and 276 trading pairs available on the platform.
The bankruptcy of the FTX Group of companies has led to problems in the cryptocurrency market. Thus, the credit division of the Genesis Global Trading crypto brokerage company suspended the withdrawal of customer funds, after which Gemini crypto exchange suspended payments under the Earn program, of which Genesis Global Capital is a credit partner.
It also became known about the possible bankruptcy due to the collapse of FTX of the following platforms: Gate exchange and BlockFi cryptolanding platform.