AscendEX has shut down operations after citing regulatory requirements under the European Union’s MiCA framework and mounting financial difficulties, while warning that some customers may not recover their full crypto balances.
Summary
- AscendEX has shut down operations, citing MiCA compliance requirements and financial difficulties.
- The exchange warned users that withdrawals will be reviewed manually and full account balances may not be recoverable.
- The closure follows weeks of withdrawal complaints after ZachXBT raised concerns about delayed withdrawals and the exchange’s visible hot wallet reserves.
According to a notice published by the cryptocurrency…
