AAX has become the latest cryptocurrency exchange to face troubles from FTX’s bankruptcy, highlighting the risks that remain in Hong Kong. Photo: Shutterstock
AAX has become the latest cryptocurrency exchange to face troubles from FTX’s bankruptcy, highlighting the risks that remain in Hong Kong. Photo: Shutterstock

Hong Kong cryptocurrency exchange AAX in limbo after FTX crisis forces withdrawal freeze, executive departure

  • AAX personnel are incommunicado after the exchange froze withdrawals and deleted social media pages, revealing Hong Kong’s exposure to the FTX fallout
  • The exchange’s former research head resigned this week, saying the company was being ‘overly opaque’ and handling things ‘without empathy’

AAX has become the latest cryptocurrency exchange to face troubles from FTX’s bankruptcy, highlighting the risks that remain in Hong Kong. Photo: Shutterstock
AAX has become the latest cryptocurrency exchange to face troubles from FTX’s bankruptcy, highlighting the risks that remain in Hong Kong. Photo: Shutterstock

Corrected [8:20pm, 29 Nov, 2022]

  • [8:20pm, 29 Nov, 2022]

    Clarifies that Thor Chan is a former Chief Executive of AAX.

  • We are part of the Trust Project What is it?
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